About

The IMIF Technical Assistance Facility, managed by UNCDF, will provide urban investment opportunities with early-stage capital to assist with project development and preparation and policy and regulatory reform. It will focus largely on providing direct support to municipalities in developing countries.

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.

Assistance Criteria

• The project or program has to be additive to and a priority of the municipality public portfolio.
• The project or program has to be financially responsible and not add unproductive debt to the municipal.
• The project will have to have been approved by the municipal council and part of the local development plan.

Countries

Support

IMIF TAF operates at two levels. First a project preparation and second at project investment through a private investment fund manager. Amounts and limits are still under design. IMIF TAF facility is currently in the pilot phase.

Application Process

Application to be done through a call for proposals to be carried under the umbrella of UCLG.