United Nations Capital Development Fund
Relevent Country: India
Type of work: Project and Program Management
Last Date: 15-08-2022
The United Nations Capital Development Fund (UNCDF) makes public and private finance work for the poor in the world’s 46 least developed countries. With its capital mandate and instruments, UNCDF offers “last mile” finance models that unlock public and private resources, especially at the domestic level, to reduce poverty and support local economic development.
About the Proposal
The IMIF Technical Assistance Facility will provide urban investment opportunities with support to assist with project development and late-stage project preparation. Furthermore, IMIF TAF will support policy and regulatory reform. IMIF TAF focuses largely on providing direct support to municipalities in developing countries. The financial support is expected to be between $25,000 to $250,000 per project.
After completing the Technical Assistance phase, projects that the IMIF TAF will support may be eligible for acceptance by IMIF for investment.
The International Municipal Investment Fund (IMIF) is a unique, bespoke investment fund, initiated by UNCDF and UCLG, with the collaboration of FMDV, that is designed to focus exclusively on supporting cities and local governments, with a particular focus on developing countries, to accelerate the achievement of the SDGs and the Paris Agreement. IMIF is managed by an independent fund manager Meridiam. Meridiam was selected as Fund Manager for the IMIF in the context of the Malaga Coalition for a global financial ecosystem that works for cities and local governments. UNCDF leads the Malaga Coalition in partnership with United Cities and Local Governments and its technical partner, Fonds Mondial de Villes (FMDV).
Investments will be sought in the transport, utilities, clean energy, waste management, land use, and city planning sectors, amongst others. The IMIF invests in commercially viable projects sponsored by municipalities which expand their fiscal space and accelerate the implementation of SDG11, SDG13, and other related SDGs.
This call for Expression of Interest invites eligible cities and local governments to submit information for UNCDF to assess the eligibility of potential investment through the IMIF. Targeted sectors include, but are not limited to:
Deliverables
Investee cities or local governments will be required to agree on a completed list of financial and impact indicators for monitoring the investment. The impact indicators will be finalized based on the nature of the project to be tracked on a continuous basis. The specific impact monitoring framework will be developed together between the qualified city/local government and UNCDF. In addition to these indicators, qualitative monitoring information is expected for learning and insights.
Eligibility Requirements
The following needs to be met to be eligible for this expression of interest:
Country-level eligibility requirements.
City-level eligibility context.
Project-level eligibility requirements.
How to Apply
The applicant must submit a complete application form online through the ‘Apply’ platform (https://apply.uncdf.org/prog/imif). All submission must be completed in English or French. Only applications that follow the submission format and include all the necessary documentation will be considered.