Welcome to the “Expression of Interest” for The International Municipal Investment Fund, Technical Assistance Facility (IMIF TAF), managed by UNCDF.
The IMIF Technical Assistance Facility will provide support to assist with cities and local government projects. Furthermore, IMIF TAF will support policy and regulatory reform. IMIF TAF focuses largely on providing direct support to municipalities in developing countries.
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. Following a competitive selection process, 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.
All investments sourced in this expression of interest will go through a transparent evaluation. The evaluation will be based on the following criteria:
Country Situation Analysis
Municipal: Political, regulatory, and governance
Municipal: Finance and legal
Project level (preliminary)
Alignment with the SDG agenda
United Nations Sanctions List
For details on the application process and eligibility please see below.