Municipal Infrastructure Development Fund - Investment Management and Technical Assistance Services
The objective of the Municipal Infrastructure Development Fund (MIDF) is to provide financing to creditworthy municipalities, municipality-owned utilities and companies as well as private sector operators involved in concessions or public private partnerships, registered and operating in the Western Balkans for the development of new municipal infrastructure, rehabilitation and modernisation of existing municipal infrastructure, and/or, purchase of rolling stock, machinery, and/or information systems related to infrastructure management. MIDF will cooperate with local commercial banks in the region and will provide credit enhancement, additional liquidity and technical assistance support to encourage banks to take and manage municipal credit risk. The Fund will therefore aim to build the capacity of commercial banks and municipal borrowers with a view to a sustainable lending market for municipalities. To achieve its mission, MIDF has established a technical assistance facility to support project preparation and capacity building of the partner banks and the municipal borrowers.
The Frankfurt School of Finance and Management (FS) UNEP Centre team are a sub-contracting partner providing technical assistance (TA) to the development and implementation of the Fund. In general, the FS UNEP Centre team supports the Fund being responsible for the design and delivery of the entire TA component for participating banks in all target countries, as well as monitoring and quality control of services to ultimate beneficiaries provided by an external consultant.
photo by: Rainer Sturm Source: www.pixelio.de