Malaga Global Coalition for Municipal Finance [UCLG Decalogue]

Description

The Malaga Global Coalition for Municipal Finance brings together diverse stakeholders, led by UNCDF, UCLG, the FMDV and the City of Malaga, to discuss and provide innovative solutions to redefine finances and economy and advocating for open, accessible and verifiable information and data, in order to make the international financial ecosystem more fit to the needs of local and regional governments. The Coalition aims to ensure financial resilience for sustainable transformative investments and local public service provision for citizens’ well-being, promoting participatory processes with a gender-responsive perspective. Building effective partnerships for financing and managing local infrastructure assets and leveraging private finance to increase capital flows are two priorities that led to the setting up of the International Municipal Investment Fund managed by Meridiam and its complementary Technical Assistance Facility with UNCDF, UCLG and FMDV to build the project pipeline. Priority is given to funding transformative projects that positively contribute to the SDGs and are led by intermediary or secondary cities in developing countries.

Partners

Led by UNCDF, UCLG, the FMDV and the City of Malaga, it brings together a wide range of stakeholders.

Beneficiaries

Local communities
Local and regional governments
The international community

Details

The Malaga Global Coalition for Municipal Finance was formed in 2018 as a response to the challenges faced by local and regional governments (LRGs) in accessing finance to advance sustainable and inclusive development in their territories. LRGs play a critical role in achieving the sustainable development agendas – including the 2030 Agenda and its Sustainable Development Goals (SDGs), the New Urban Agenda and the Paris Climate Agreement.

Additional information

Roadmap towards the third meeting of the Malaga Coalition 2021-2022: https://www.uncdf.org/Download/AdminFileWithFilename?id=14106&cultureId=127&filename=roadmap-the-malaga-global-coalition-for-municipal-financepdf

Goal 5

Achieve gender equality and empower all women and girls

Goal 8

Promote sustained, inclusive and sustainable economic growth, full and productive employment and decent work for all

Goal 9

Build resilient infrastructure, promote inclusive and sustainable industrialization and foster innovation

Goal 10

Reduce inequality within and among countries

Goal 11

Make cities and human settlements inclusive, safe, resilient and sustainable

Goal 12

Ensure sustainable consumption and production patterns

Goal 13

Take urgent action to combat climate change and its impacts

Goal 17

Strengthen the means of implementation and revitalize the Global Partnership for Sustainable Development

Government

People

Planet