NEWS

APPLY FOR EQUITY FUNDING TO FINANCE PROJECTS IN THE AFRICAN REGION

The International Municipal Investment Fund – Technical Assistance Facility (IMIF-TAF) is now accepting applications for equity funding to finance projects in the African region. This initiative supports urban investment opportunities by providing assistance in development and late-stage project preparation.

IMIF-TAF’s initiative offers a significant opportunity for cities in middle and lower-income countries to secure funding for impactful projects. Upon completion of the technical assistance phase, these projects may qualify for submission to the International Municipal Investment Fund.

Municipalities and project sponsors in the African region are encouraged to apply for this opportunity. This is a one-year advertisement, starting on 30 May 2024, and ending on 30 May 2025, with recurring quarterly deadlines. For more information about the terms of reference (ToR), and application instructions, visit https://apply.uncdf.org/prog/IMIF-TAF/

Credit: UN Photo

The IMIF-TAF is part of UNCDF‘s broader efforts to support city-friendly finance, including technical assistance and advisory services for various local investments. It was established in 2018 in the context of the Malaga Global Coalition, which is formed by the United Nations Capital Development Fund (UNCDF) and United Cities and Local Governments (UCLG) with support from the Global Fund for Cities Development (FMDV).

By facilitating investments, IMIF-TAF helps accelerate the implementation of the Sustainable Development Goals (SDGs), particularly SDG 11 – sustainable cities and communities and SDG 13 – climate action, and their targets.

Credit: UN DESA
Credit: UN DESA

Reference: https://apply.uncdf.org/prog/IMIF-TAF/