REsolutions to Fund Cities Campaign
REsolutions to Fund Cities is a global campaign implemented from 2013 to 2016, which aims at the identification, analysis, transfer and implementation by local and regional governments of economic and financial strategies and mechanisms for a sustainable, inclusive, and resilient local development.
REsolutions to Fund Cities is addressed to local and regional governments and all their partners: international organizations, donors, academic experts, local communities, NGOs, the private sector, funding organizations, etc.
REsolutions to Fund Cities is a campaign developed by a consortium of Cities networks composed of the FMDV, Metropolis and UCLG, which aims for acting on the United Nations Urban Agenda with a focus on the Habitat III Conference in 2016.
Why REsolutions?
The local governments’ abilities to plan a sustainable and inclusive management of their territories are challenged by a still incomplete decentralization and multidimensional crisis strongly impacting the local level.  These global trends result into the weakening of local economies and increasingly scarce resources to finance urban development, while pressures on local authorities are dramatically rising. 

Thanks to the strengthening of cooperation and solidarity between local governments as well as urban actors, cities are progressively acknowledging the diversity of funding opportunities that are available to them.

Nowadays cities are facing global challenges and their solution is more and more oriented towards decentralized cooperation, underlying the need of coordinated mobilization to influence the financing of urban development. These dynamics and needs are the raison-d’être of the REsolutions to Fund Cities program.   

REsolutions to Fund Cities is a 3-years long program scheduled in coherence and complementarity with the timeframe of the different urban Regional and Global Agendas redefining the Millennium Development Goals and over the horizon of the 2016 Habitat III Conference
REsolutions in brief

The Resolution Program aims at finding solutions answering the 4 following challenges about urban development financing:

Access to resources.
Availability of resources.
Use of resources.
Sustainability of resources.

The program seeks to provide solutions to local authorities for them to:

Attract investment & raise new resources.
Enhance local economies & capture local value.
Strengthen local financial expertise & increase solvability and investment capacities.
Promote cooperation & link urban actors.
Improve urban governance & generate opportunities.
Reach equity & ensure redistribution of wealth.

REsolutions looks forward to strengthen financial expertise abilities and to foster the mix of resources thanks a facilitate access to:

International institutions’ funds and grants.
An improved solvability and a better debt restructuring mechanism to improve borrowing conditions (on the banking and financial markets).
An efficient local tax system and incomes generation.
A good land value management.
Alternative endogenous mechanisms (participatory budgets, local currencies, local savings mobilization, social financing).
Efficient public-private partnerships.
Optimized management, planning and resources control tools.
Results of the Campaign

PROMOTION OF A LARGE ARRAY OF FINANCING SOLUTIONS

The REsolutions Campaign has mobilised more than 500 local and regional governments directly or through their international networks,in addition to all of their funding partners.
Three high profile conferences have been held in Europe (Paris, July 2014), Africa (Marrakech, December 2014) and South America (Mexico, March 2015) addressing:
The development of domestic resources, focusing on local tax systems in Africa and European investments through participatory and cooperative processes (participatory budgeting, crowdfunding, community land trusts, etc.)
The mobilisation of the public and private banking sectors in order to finance sustainable infrastructures
The mechanisms facilitating access to capital markets through subnational pool financing and green bonds
Three regional publications have been launched, which include case studies and recommendations that highlight the key solutions and advocate internationally alongside UCLG to finance investments in European, African and Latin American cities.

IMPACT ON THE INTERNATIONAL AGENDA

The REsolutions Campaign played a key role in making urban development funding a key priority within the international urban agenda.
The Habitat III Declaration therefore includes Community Land Trusts, Social Solidarity Economy, and Financial Intermediaries which all contribute to the development of inclusive and sustainable cities.

REsolutions Europe Conference

New funding models for local governments: how to mobilize resources efficiently?

The European conference in Paris held in July 2014 attracted more than 200 participants, comprising of 29 different nationalities, including participants from 15 European Union countries. This conference showcased the local initiatives of European cities and their partners and highlighted several good business practices. Alternative initiatives such as Complementary Local Currencies and Community Land Trusts in combination with more traditional investment solutions such as social-eco responsible bonds or local governments funding agencies inspired the re-evaluation of local resources as well as local governance.

REsolutions Africa Conference

Financing African cities: agenda, alliances, solutions

The Marrakech Conference, held in Marrakech in December 2014 by the Marrakech Municipality, UCLG Africa and the FMDV, gathered 450 participants from 40 countries. It was a concerted call to national governments, international donors, key financial and banking stakeholders as well as parties involved in African urban development. The climax of the conference was the adoption of the “Marrakech Declaration” which became the new declaration of the key stakeholders in African Development and was presented as a call for the creation of an African Cities Development Fund (ACDF).

REsolutions Latin America Conference

Financing urban development: The Millennium Challenge

The conference was organized over three days by the Habitat III Secretariat, the Municipality of Mexico and the FMDV. This led to debates involving more than 700 participants from 60 countries and 100 cities on issues and opportunities as well as exploring options for strategies and mechanisms to finance urban development. The “Mexico City Declaration” adopted at the end of the conference reflects the diversity of strategies and tools available to local governments to strengthen their autonomy, mobilize traditional and new funding sources, and create significant leverage effects.

Resolutions Europe Publication

Local innovations to finance cities and regions

The publication analyses through 9 case studies the strategies and financial instruments available to and locally developed by European local authorities in order to mobilize more efficiently financial resources and to foster the territories’ autonomy and resilience. From the traditional financial engineering to the strategies of public resources management optimization, via the creation of local and alternative funding solutions putting local economy at the heart of the development process.

REsolutions Africa Publication

Strengthening local taxation in order to address the challenges of African urbanization

This publication, through 8 case studies of different African cities, will highlight the preponderance of local taxation in the structure of local budgets and the need to increase local budgets to insure wider access to other local complementary financing sources, such as loans.Consequently, the work examines the national decentralization process and the degree of fiscal autonomy given to local governments.

REsolutions Latin America Publication

Panorama and tools for financing urban development

This publication provides an analysis of the major urban development funding trends in Latin America, showcasing both the most used mechanisms to finance cities in the region, and the existing opportunities and mechanisms for financial innovation. Then, through 12 case studies, it identifies innovative financing practices undertaken by Latin American local governments by scrutinizing their implementation process and the obstacles they encountered.