The International Municipal Investment Fund

Supporting cities and local governments to accelerate the achievement of the SDGs and the Paris Agreement

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.

The target for the IMIF first closing is 350 million EUR. 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 bankable projects sponsored by municipalities which expand their fiscal space and accelerate the implementation of SDG11, SDG13 and other related SDGs.

The IMIF is designed as a municipal support fund to increase the capacity of local governments to access capital markets and through intermediaries. Following a competitive selection process, Meridiam was selected as Fund Manager for the IMIF.

Meridiam will establish, fundraise for and act as the Investment manager of the Fund. Meridiam will manage the IMIF with an objective to identify, develop and invest in resilient and sustainable infrastructure projects in urban and municipal environments of non-OECD developing countries