Innovative Finance Challenge (IFC).

Last update: Oct 21, 2026

Details

Location: Armenia, Moldova, North Macedonia, Ukraine
Contracting Authority: UNDP - United Nations Development Programme (Turkey)
Status: Open
Budget: N/A
Award ceiling: 20,000
Award floor: N/A
Sector: Macro-Economy & Public Finance, Public Sector Governance, Research & Innovation
Eligible applicants: Government / Public Bodies
Eligible nationalities: Armenia, Moldova, North Macedonia, Ukraine
Date posted: Oct 21, 2026

Quick Summary

Objectives: UNDP, through the EU-funded M4EG Facility and the City Experiment Fund, seeks to support municipalities in Armenia, Moldova, North Macedonia and Ukraine to test and implement innovative financing mechanisms that address concrete local financing b...
Eligibility criteria: 
  • Eligible applicants: Only municipalities may apply as lead applicants. Applications from Armenia, Moldova, North Macedonia and Ukraine are eligible. In joint applications, the lead applicant must be a municipality; partners may include other municipalities, non-profit organizations, local or regional development agencies and similar local development actors.
  • Geographic and membership conditions: For Armenia, Moldova and Ukraine, only municipalities that are members of the Mayors for Economic Growth (M4EG) initiative may apply, although non-members may r...
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