Meridiam has signed an agreement with the United Nations Capital Development Fund (UNCDF) for a collaboration into the International Municipal Investment Fund (IMIF).
With a focus on developing countries, IMIF is the non-OECD sleeve of The Urban Resilience Fund launched by Meridiam together with The Rockefeller Foundation. It will help develop, finance, build and operate sustainable and economically sound urban-infrastructure projects intended to play a critical role in adapting and mitigating climate change in cities.
Meridiam said IMIF will finance urban resilient and sustainable infrastructure projects by investing in equity and quasi-equity securities. IMIF is a blended finance fund, leveraging concessional and commercial capital to increase the financing capacity available for new urban-infrastructure projects. It provides cities with unique support for the development and delivery of essential urban-resilience infrastructure.
“This agreement is a further