The Cities Investment Facility strives to unlock significant capital flows to inclusive sustainable urbanization projects. Through three multi-stakeholder instruments – The Cities Investment Portal (CI Portal), The Cities Investment Advisory Platform (CIAP), The Cities Investment Vehicles (CI Vehicles), CIF provides comprehensive support to urbanization projects in the processes of pre-feasibility, SDG profiling, and financing.
Today, 4.2 billion people live in cities and that number is growing by 1.5 million each week. 90% of this urban growth will occur in developing countries in Asia, Africa, the Middle East, and Latin America. By 2050, 68% of the world’s population will live in cities.Urban infrastructure enables this growth and the underlying economic activity. However, there is an annual infrastructure financing gap in excess of US$3.2 trillion, which cannot be addressed through traditional public resources: it requires engaging a diverse range of actors to attract substantial private capital to sustainable urbanization.
Simultaneously, there are too few bankable sustainable infrastructure projects are being developed in low- and middle-income cities. Projects, often proposed by municipalities, are not sufficiently aligned with investors’ financial and impact requirements. For these reasons, many projects are delayed in the pre-feasibility stage. It is at this upstream stage that the CIF will make the greatest impact.
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The Cities Investment Facility (CIF) is a multi-stakeholder initiative which aims to leverage the resources and capacity of different parties to support sustainable urbanization development.
- By coordinative efforts through cities authorities, we collect detailed information of the projects and co-develop project design and implementation strategies with them. CIF also provides capacity building to the cities government to enhance their ability to develop sustainable, bankable, impactful projects in the future. Where technical assistance and advisory support is provided through CIF, the recipient may be charged a reasonable service fee.
- Through partnerships with a global network of donors and investors, such as retail and institutional investors, such as Development Finance Institutions, philanthropic organisations, Islamic funds, and government donors, we are able to access diverse sources of finance and pool resources to finance de-risked, SDG-aligned assets.
- For programme implementation, we forge partnerships with a broad range of NGOs, not-for-profit private companies, and advisory firms, which have track records on building and financing sustainable bankable urban development projects, to provide technical support and bankability advisory to the projects.