RIAFCO, an innovative network of LGFIs from across Africa, was created in 2014 with precisely this aim in mind. The network, which currently has seven members, seeks to foster peer-to-peer institutional and technical exchange, to promote inspiring practice, to disseminate innovative models and to give its members a voice in international processes and with technical and financial partners (TFPs).
This document summarizes the key findings of four studies by Institutions & Développement, looking at four local government financing institutions (LGFIs) in Africa – Cameroon’s Fonds Spécial d’Équipement et d’Intervention Intercommunale [Special Fund for Equipment and Inter-Municipal Intervention – FEICOM], Mali’s Agence Nationale d’Investissement des Collectivités Territoriales [Local Authorities National Investment Agency – ANICT], Madagascar’s Fonds de Développement Local [Local Development Fund – FDL], and Niger’s Agence Nationale de Financement des Investissements des Collectivités Territoriales [National Agency for Local Authority Funding – ANFICT].
The studies were carried out as part of a joint programme between the Réseau des Institutions Africaines de Financement des Collectivités Territoriales [Network of African Financial Institutions for Local Governments – RIAFCO], the Fonds Mondial pour le Développement des Villes [Global Fund for Cities Development – FMDV] and the United Nations Capital Development Fund (UNCDF), with financial support from the World Bank’s Public-Private Infrastructure Advisory Facility (PPIAF).
The aim is to identify the most effective ways to sustain and diversify LGFIs’ financial resources so that they are better able to support local authorities (LAs) in the countries where they operate to bolster their own financial resources.