Partnerships for Municipal Innovation
Creating economic prosperity and reducing poverty in 7 countries
Urban areas have become magnets for investment as they provide the products, services and markets that fuel trade, drive economic growth and create employment. By 2030, it is estimated that two-thirds of the world's population will be living in cities.
This rapid growth of urban areas, which is mainly occurring in developing countries, has far exceeded the pace of investment in human capital and physical infrastructure of municipalities. The consequences can be seen in the number of poor and marginalized people that do not have access to basic municipal services such as water and sanitation, the high levels of unemployment, particularly amongst women and youth, and the lack of resilience that urban areas have to natural or man-made disasters.
FCM has developed strong working relationships with partners in Mali, Burkina Faso, Côte d'Ivoire, Vietnam, Cambodia, Bolivia, and Nicaragua and will build on this progress in implementing LED initiatives through PMI-LED.
- Creating an enabling environment to strengthen the capacity of local governments to plan a community-led economic vision, to offer effective economic development projects and services to their community and to influence and adopt LED policies and practices that promote inclusive and sustainable economic development;
- Adopting inclusive local economic development practices by facilitating greater access for women and youth to employment and entrepreneurship opportunities;
- Promoting trade and regional economic development opportunities at the local level, such as business attraction and retention/expansion, investment and trade and strengthening support for the development of micro and SMEs.
PMI-LED will also create a platform for local governments and their regional and global networks to better engage with strategic partners, and increase the engagement of Canadians in international municipal cooperation.
PMI-LED is a five-year, $19.3 million partnership program working to strengthen sustainable local economic development in Mali, Burkina Faso, Côte d'Ivoire, Vietnam, Cambodia, Bolivia, and Nicaragua . It is undertaken with the financial support of Global Affairs Canada, implemented by FCM, with an in-kind commitment by Canadian municipalities of $5.1 million.