|Projects are sourced by UNCDF, United Cities and Local Governments (UCLG) and the Global Fund for Cities Development (FMDV) through a common filter open to all cities and local government networks. A complete end-to end project sourcing methodology has been developed, covering both inbound and outbound deal sourcing, to identify project opportunities.|
|The IMIF TAF will provide the IMIF with a pipeline of fully prepared local government investment opportunities mostly under US$25 million in total size, in developing countries.|
|The IMIF TAF will have an initial capitalization of US$50 million.|
Remove the policy and regulatory hurdles to subnational finance
Strengthen domestic capital markets for subnational finance
Expand international capital deployed to subnational finance
Build the capacity of local governments to access subnational finance
Directly support and control the pipeline to the IMIF while opening up the broader market for subnational finance.
- Ecobonds and other financial products for subnational green finance based on the work of UNCDF’s LoCAL program for climate adaptation and mitigation.
- Women’s Economic Empowerment(WEE) and the application of UNCDF’s WEE Index and economic assessment with a gender lens.
- Measurable impact in local economic development, job creation, support to local value chains and other positive externalities.
- Measurable impact on themes related to local government investment such as housing, biodiversity, plastics and sustainable waste disposal, environmental management.
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