Each session of the Local Finance Knowledge Hub opens a channel to listen to the voice of the practitioners on their experience and vision for financing sustainable urban development.
#FinancingCitiesRémy Rioux
Chief Executive Officer of the French Development Agency (AFD)
AFD is contributing to the development of sustainable cities, with a €1.6 billion in 2020 budget. AFD does so through a broad range of financial instruments, including direct loans to local governments or intermediated financing through public or private banks, guarantee mechanisms, grants, etc. AFD organized "Finance in Common" - the World Summit of public development banks - to demonstrate the major role of these institutions in financing global sustainable development agendas.
#UrbanClimateFinanceYannick Glemarec
Executive Director, Green Climate Fund (GCF)
The Green Climate Fund has adopted a new strategy for cities. It aims to accelerate the carbon transition by supporting integrated urban policies and innovation, particularly in regards to decentralized renewable energy, energy efficiency in buildings, urban design and the circular economy. Over the past 5 years, the Green Fund has co-financed a portfolio of urban projects worth USD 7.27 billion representing a mitigation of 1046 million t CO2 eq.
#UrbanClimateFinance Barbara Buchner
Global Managing Director, Climate Policy Initiative (CPI)
The CCFLA is a multi-stakeholder platform that aims to develop solutions to address the market failure of climate project finance in emerging cities: strengthening the role of public development banks, aggregating projects and financing. CPI developed an investment fund for cities that aims to facilitate the financing of medium-sized infrastructure.
#FinancingCitiesGeoffrey Makhubo
Executive Mayor of the City of Johannesburg
The City of Johannesburg has been a pioneer in financing the climate transition. It was the first city in the world to issue a green bond and is currently preparing to issue Africa's first ‘pooled green bond’. Its climate action plan is integrated into all its policies and budgetary choices. It plans to invest USD 1.8 billion in green infrastructure by 2030
#FinancingCitiesThierry Déau
Founder and CEO at Meridiam
Meridiam is a leading private investor in sustainable cities. It has incorporated the SDGs and climate impact measurements into all of its investment procedures. For cities in developing countries, Meridiam is introducing blended finance vehicles with technical and financial partners. Meridiam manages the International Municipal Investment Fund (IMIF) launched by UNCDF, UCLG and FMDV.
#UrbanClimateFinancePaul Simondon
Deputy Mayor of Paris in charge of Finances
The City of Paris is developing financial innovations to achieve its 2050 objective "Paris, a low-carbon city, 100% renewable energy": evaluation of the climate impact of the municipal budget, green bond issues, support for innovative climate-friendly companies through the establishment of a Territorial Investment Fund, the "Paris Green Fund”.
#FinancingCitiesArturo Ardila-Gomez
Global Lead for Urban Mobility and Lead Transport Economist, World Bank
The World Bank finances sustainable modes of public transport in emerging cities through a large range of instruments (loans, grants channeled to municipal budget or off-balance sheets). In addition to financing infrastructure development, it supports policy development and cities’ capacities in managing municipal finance, risk assessments and their creditworthiness to leverage additional funding.
#FinancingCitiesManuel Olivera
Regional Director for Latin America, C40
The Cities Finance Facility (CFF) is a C40/GIZ Project preparation facility. It supports emerging cities in structuring their mobility projects through risk assessment studies for public procurement. It also assists them in structuring the financial models and guarantees of those projects in order to attract private investors.
#FinancingCitiesNangamso Matebese-Maponya
Principal Investment Banking and Project Finance Professional at the DBSA (Development Bank of Southern Africa)
DBSA plays a key role in supporting South African cities to develop Bus Rapid Transit (BRT) systems. It provides project preparation funding and ensures financing for informal taxi operators who do not have access to conventional banks to purchase the buses and to convert into financeable BRT operating companies under a contract with municipalities.
#FinancingCitiesSonia Essobmadje
Vice President, Structured Finance - Société Générale Corporate & Investment Banking (SGCIB)
Société Générale develops "Positive Impact Finance" solutions for emerging cities. It supports urban projects aligned with the SDGs through expertise and financing solutions in partnership with public actors. In 2020, it committed €10.9 billion to finance infrastructure in Africa.
#FinancingCitiesYves Millardet
Chairman Agence France Locale (AFL)
Agence France Locale is a credit institution created in 2013 by and for local authorities as a vehicle to access capital markets and facilitate access to financing. It works as a cooperative agency in order to jointly pool resources under the best possible conditions.
#FinancingCitiesNeil Chadder
Program Manager, Cities Development Initiative for Asia (CDIA)
Cities Development Initiative for Asia (CDIA) is an instrument co-implemented by the ADB (Asian Development Bank) and the French Development Agency AFD (Agence Française de Développement) to provide technical assistance and training to support secondary cities in Asia and the Pacific to prepare bankable and sustainable infrastructure investments.
#FinancingHousingDiane Pialucha
Affordable housing Program Manager at FMDV
FMDV is a global network of local and regional governments dedicated to promoting and developing financing solutions for urban development. Created in 2017, the SHICC project seeks to support the provision of affordable housing in Europe through the establishment of Community Land Trusts (CLTs/OFS).
#FinancingCitiesSergio Gusmão Suchodolski
President, Development Bank of Minas Gerais (BDMG)
BDMG is the Subnational Development Bank of Minas Gerais. As a financial intermediary, its mandate is to catalyze public and private funding to channel it to local governments and stakeholders. As last-mile experts, they support structuring and financing pipelines of bankable projects, contributing to accelerate the implementation of the SDGS at the local level.
#FinancingCitiesGonzalo Muñoz
UN High-Level Climate Action Champion
In his role of UN High-Level Climate Action Champion, Gonzalo Muñoz helps to mobilize the climate action of all interested entities - cities, companies, investors and civil society - to facilitate the integration of these parties into the Climate Action Agenda. In this video he provides his vision on strengthening the role of Subnational Development Banks to facilitate financing and structure the market for local climate projects.
#FinancingCitiesKamal Adjayi
Mayor of the municipality of Golfe 3 - Lomé (Togo)
In the context of recent decentralization in Togo, the Mayor of Golfe 3-Lomé shares his thoughts on how to strengthen the financing of municipalities. Beyond State transfers and local taxation, he calls for the development of an investment vehicle to diversify sources of financing by allowing local governments to access the international financial market.
#FinancingCitiesJorge Arbache
Vice-President for the Private Sector / Development Bank of Latin America (CAF)
In a context of the acceleration of the environmental challenges in Latin America and the Caribbean, Jorge Arbache highlights the crucial role played by public development banks to attract and mobilize private investments for climate projects, especially concerning renewable energy sources.