EU and UNDP launch new сall in Armenia, Moldova and Ukraine: City Financial Advisory Programme

The EU-funded Mayors for Economic Growth (M4EG) programme, implemented by the United Nations Development Programme (UNDP), is launching a new call for interest for the City Financial Advisory Programme. 

The initiative will support municipalities to further develop investment-ready projects and project pipelines aligned with their mission-driven urban strategy and urban programme goals.

The programme’s objective is to establish a City Finance Advisory Function (CFA Function) – a regional advisory and development mechanism designed to bridge the financing gap between cities and investors. It will enhance local financial capabilities and help aggregate urban development projects into bankable investment pipelines.

The call is open to cities in Armenia, Moldova, and Ukraine that have already participated in M4EG’s mission-oriented economic planning or portfolio design programmes, as well as other advanced municipalities that have local development pipelines in place.

Through this Call, five cities will be selected to participate in the programme’s first year. Each municipality will receive technical assistance and an EU-funded US$60,000 grant to help build and advance their investment pipeline. 

The deadline for applications is 23 January 2026.

The programme is expected to expand to additional cities in 2026, following a pilot phase with the first cohort.

Find out more

Press release

Guidance is available in English and Romanian