The Secretariat of the Union for the Mediterranean was given the mandate to coordinate the creation of the “Euro-Mediterranean Sustainable Urban Development Strategy” after the First Ministerial Conference on Sustainable Urban Development, held in Strasbourg in November 2011. The Strategy includes:
- A guidance framework for sustainable Euro-Mediterranean cities and territories enabling a shared perspective in urban and territorial strategies. The guidance framework includes the principles and core values of a balanced sustainable urban development that integrates social, cultural and economic aspects while preserving the environment. It offers a basis for discussion for the authorities implementing sustainable development initiatives.
- The Urban Projects Finance Initiative (UPFI), which aims at identifying sustainable urban development projects likely to be endorsed by the Union for the Mediterranean and financed and implemented in the short term. As the financial component of the Strategy, the UPFI has been developed by the Agence Française de Développement (AFD), the European Investment Bank (EIB), and the German KFW Banking group, under the umbrella of the UfM Secretariat. It benefits from the financial support of the European Commission’s Directorate-General for Development and Cooperation, the EIB and the AFD. The first stage of the Initiative concerns the identification of 10 to 15 large-scale urban projects in Southern and Eastern Mediterranean countries that will be submitted for UfM labelling.
- A preliminary study assessing the need to create an Urban Agency for the Mediterranean as a coherent mechanism to support sustainable urban development in the Mediterranean.
- An award for urban innovations to identify and promote best practices.