Technical Assistance Facility
International Municipal Investment Fund

About Us

The IMIF Technical Assistance Facility (TAF), managed by the United Nations Capital Development Fund (UNCDF), is constituted to support the pipeline for the International Municipal Investment Fund (IMIF).

The aim of this facility is to provide technical assistance to cities to help them finalize their investment project and, where necessary, strengthen their capacity to access credit, so that their investment project can be presented to the Fund Manager, Meridiam, with the best chance of success.

This technical assistance facility is designed to support cities with investment projects of less than USD 25 Million. Cities with projects above this amount will be supported directly by Meridiam to structure their project file and be able to present it to the Fund's Investment Committee.

IMIF TAF Brochure

IMIF TAF Investor Prospectus

HOW DO WE SOURCE?

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.

WHAT DO WE PROVIDE?

	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.

How does is benefit you?

Capacity Strengthening

Support for local governments to promote local economic development, economic analysis, planning and capital investments; capacity support to investment projects on business plan development, financial modeling and other tools

Enabling Environment

Pipeline of Revenue Generating Investments

The IMIF TAF will contribute to:

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.

IMIF TAF will include:

Innovative Tools

- 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.

Development Impact

- 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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