FMDV – Promotor & Supporter of Subnational Development Banks at the Global Level
Subnational Development Banks (SDBs) are public development banks or public financing institutions supported by national governments or states, with the specific mandate to provide funding to local governments and local stakeholders and support subnational urban investments. They can take the form of local government financing institutions (LGFIs), Municipal Development Funds, National Investment Funds for local authorities that have the capacity to remove barriers for local government debt financing.
For the past ten years, FMDV has played a leading role in promoting the role of Subnational Development Banks (SDBs) in international agenda and has also been enhancing their capacities at global, regional and national levels.
Thanks to FMDV’s action, SDBs progressively gained international recognition in the United Nations agenda and were more and more considered as key stakeholders to bridge the subnational investment gap and allow the implementation of global agendas such as the Sustainable Development Goals and the objectives of the Paris agreement.
The Coalition of Resilient Cities and Regions (RCR Coalition) is a multi-stakeholder initiative aiming at reinforcing the role of Public Development Banks in bridging the subnational financial gap and financing a resilient urban development and transition.
This initiative was launched under the Finance In Common umbrella by FMDV-Global Fund for Cities Development, the FiCS Secretariat and with the support of the French Development Agency (AFD).
It mostly brings together Multilateral and National Development Banks, connected to the Subnational Development Banks via the two regional Alliances.
39 contributors among which 14 Multilateral Development Banks, 12 National Development Banks
The Alliance of Subnational Development Banks (SDBs) in Latin America and the
Caribbean was launched in April 2021 by the French Development Agency (AFD), Development Bank of Minas Gerais (BDMG), the Global Fund for Cities Development (FMDV) and the Institute for Sustainable Development and International Relations (IDDRI).
Based on a peer-to-peer and multistakeholder exchange, the Alliance strives to reinforce capacities and amplify the potential of SDBs through enhanced cooperation with all stakeholders committed to financing just urban and territorial transitions.
38 members and contributors among which 29 Subnational and National Development Banks
The African Alliance of Subnational Development Banks (SDBs) is an alliance aiming to strengthen the role of financial intermediaries and public development banks in financing a sustainable and just urban transition in Africa. This initiative is led by the Global Fund for Cities Development (FMDV) with the support of the French Development Agency (AFD) and the Special Council Support Fund for Mutual Assistance of Cameroon (FEICOM).
39 contributors among which 15 external partners, 18 African Subnational Development Banks, 4 African Multilateral Development Banks and 2 National Development Banks.