Global Fund for Cities Development (FMDV) was initiated in 2010 by Metropolis and UCLG in order to become the international organization that gathers local authorities and their networks on the economic and funding solutions for a sustainable urban development. Acting as an operational instrument, FMDV supports local authorities in accessing the necessary financial resource, in the best conditions, to finance their urban development strategies through technical expertise and financial engineering on their projects. It also supports the design and development of project strategies and financial vehicles that give programmes or local governments access to long-term financing.
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