Enviro News Asia, New York — Six municipalities across Armenia, Moldova, and Ukraine have been selected to participate in the City Financial Advisory Programme under the EU-funded Mayors for Economic Growth (M4EG) initiative, following a recent Call for Interest launched in the three countries.
The programme is financed by the European Union and implemented by the United Nations Development Programme. It aims to strengthen municipal capacities to develop investment-ready urban projects and improve access to finance.
Designed in collaboration with Frankfurt School of Finance & Management and Climate Policy Initiative, the programme will establish a City Finance Advisory Function, a regional mechanism to support cities in project development, financial structuring, and investor engagement.
Each selected municipality will receive tailored technical advisory support, assistance in identifying partners and sources of capital, and support in building project pipelines. The programme also provides grant support of up to USD 60,000 to improve the financial readiness of one priority investment project per municipality.
The initiative reflects a joint commitment by the European Union and UNDP to bridge the financing gap between cities and investors, while strengthening local financial governance and investment planning in Eastern Partnership countries.
The selected municipalities include Tashir and Stepanavan in Armenia; Ungheni and Edinet in Moldova; and Trostianets and Kryvyi Rih in Ukraine. (*)
