The Urban Project Finance Initiative (UPFI) is one of the pillars of the Euro-Mediterranean Sustainable Urban Development Strategy, as stated in the declaration of the First Ministerial Conference of the Union for the Mediterranean (UfM) on sustainable urban development held in Strasbourg on 10 November 2011. It was launched during the SOM in April 2014. UPFI is managed by AFD and EIB with the support of the European Commission and under the umbrella of the UfM Secretariat. KFW, CDC, EBRD and the Government of Finland are closely associated. Other IFI’s and investors have expressed their interest.
A workshop will be held in Barcelona on 9 June 2015, and it will bring together UPFI project promoters, donors and the consultant teams in charge of the technical assistance phase for project preparation.