page 15
CITIES INVESTMENT FACILITY CIF With the population in cities worldwide growing by 1.5 million each week, about 68% of the world’s population shall live in cities by 2050. 90% of this urban growth will occur in developing countries in Asia, Africa, the Middle East, and Latin America. City infrastructure enables economic activity and growth, yet this rapid urbanisation and infrastructure growth in the world’s poorest cities is fuelling an annual infrastructure financing gap in excess of US$3.2 trillion per year globally.
WH AT I S CIF ? The Cities Investment Facility (CIF) is a multistakeholder initiative centered around unlocking significant capital flows to urban impact projects, by supporting their processes of ideation, design, financing, and implementation, using a series of partnership-based instruments. It is a platform that connects investors with sustainable city projects to build a more resilient and liveable urban future.
SUBMIT YOUR PROJECT HERE
Through its three pillars – Cities Investment Portal, Cities Investment Advisory Platform and Cities Investment Vehicles – CIF helps prepare upstream infrastructure projects at the (pre) feasibility stage to become “bankable” and connect them with investors. By convening and preparing a pipeline of SDG compliant bankable infrastructure projects, this new facility makes a significant contribution to achieving the UN’s Agenda 2030. This facility complements existing investment facilities by looking at enhancing early-stage design and origination particularly in secondary cities in frontier and emerging markets. It is further unique in its focus on the broad range of the SDGs, urban masterplan-integrated projects, and its global scope with a project pipeline spanning across three main regions and ten sub-sectors.
