Expressions of Interest

Request for Expressions of Interest: Fund Manager for the International Municipal Investment Fund

  • March 10, 2020

  • Expressions of Interest


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Objective of the Partnership

The objective of the partnership is to support local governments in the implementation of the 2030 Agenda for Sustainable Development through an innovative public-private approach that will seek to mobilize additional financial resources from multiple sources for SDG-positive investments, primarily for the LDCs and developing countries. The partnership will focus on SDG 11 (sustainable cities), the SDG 13 (The Paris Agreement), and SDG 17 (viewing local governments and municipalities as key means of implementation of all the SDGs). The Fund will further the objectives of the UNCDF and UCLG coalition to promote a financial ecosystem that works for local governments as a means of accelerating the implementation of the 2030 Agenda.

Against this background, UNCDF seeks to partner with the Fund Manager who will establish, structure, fundraise for, and manage a private investment fund whose purpose is to further and support the SDGs. The details of the partnership will be reflected in a separate agreement between the two parties.

Objective of the Investment Fund

The Fund will support UNCDF leverage its existing pipeline of high-impact local government investment opportunities, and its existing technical capacity, with capital provided into the Fund from the Development Financial Institutions, semi-commercial and/or philanthropic capital, combined with domestic institutional and commercial investors in developing countries. In doing so, the intent is to build a business model for The Fund that generates the rewards expected by its investors. The pipeline will also benefit from investments sourced through a UCLG channel open to local government organizations and individual local governments.


During the selection process, the contracting party (UNCDF) is not permitted to discuss documentation, proposals, evaluation, or other such matters with potential partners in a manner which favors or disfavors any of the candidates. Questions regarding the attached documents must be directed to UNCDF at no later than March 18, 2019. A compilation of relevant questions and answers will be published on this page. Each potential partner must ensure that it reads the answers to the questions, together with any other information, which may be published on the above-mentioned website during the period of this exercise.

Proposed Timing

Launch of the expression of interest

December 6, 2018

Deadline for submitting an expression of interest

April 1, 2019

Assessment and ranking of the expression of interests

May 1, 2019

Interviews with the top candidates

May/June, 2019

Notice of partnership

All candidates will be notified by e-mail as soon as possible after a decision has been made to partner with one of the candidates.

A notice does not mean that a binding contract has been entered into between UNCDF and the winning party. A contract is not legally binding until it has been signed by both parties.

  • The expression of interest must be submitted electronically via
  • The expression of interest must be signed by the interested party. Scanned signatures are accepted.
  • The response and all documentation appended must be in English and contain the information indicated in this expression of interest.

Annex 1: UNCDF Strategic Framework 2018-2021 (direct download)

Annex 2: UNCDF Local Development Finance Theory of Change 2018-2021, mission, vision, and indicators (link to page)

Annex 3: Field offices in LDC (link to page)

Annex 4: UNCDF Local Development Finance Programmes that will support pipeline preparation: Aggregate Overview (direct download)

Annex 5: UNCDF Annual Review of Results 2017 (link to page with downloadable file)

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Expressions of Interest

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