Toolbox

This activity consists of mobilising the resources identified as necessary for the implementation of the plan and projects. For this purpose, the results of the Financial Resources Review (Activity 3) are reviewed and updated, as well as the resources defined for each project in Block H Project Prioritisation.

It will be essential to develop a list of the external resources needed to carry out the implementation of the plan. This list is very important, as it will help to find solutions for each of the missing resources and items. Solutions may take the form of sub-contracting, grants, international programmes, tenders, public-private partnerships (PPPs), etc. Further funding support and contributions may be sought through available services, fundraising and private investments from other partners or NGOs or international calls for proposals (this activity includes a regularly updated catalogue of international donors in T65 List of Official Aid to Development Sources). Job vacancies should be advertised through official local government channels with appropriate terms of reference that ensure an equal, meritocratic and inclusive procedure.

In order to attract external investors and make projects more bankable, it is highly recommended to conduct rigorous analyses of the city’s economy and finances. This shouldn’t be limited only to the use of T4 City's Financial Assessment Guide, but also include economic forecasts, ratio analysis and financial projections. Municipalities that have assessed their own creditworthiness are better equipped to convince potential investors about the financial viability of their projects.

Then, using the T56 Resource Mobilisation Plan for Implementation, a resource mobilisation plan is made detailing dates, amounts of capital and people, as well as the origin of each of them and the requirements needed to obtain them.

Finally, it is recommended that the resource mobilisation plan be monitored and reviewed on an ongoing basis (T64 Fundraising Database) as so many different actors are involved that there are many factors beyond one's control. This plan is of vital importance to better manage the implementation process and ensure the risk of resource shortfalls.