The Málaga Coalition Report from the meeting held in Málaga, Spain, on 5-6 October 2023, provides an in-depth look at efforts to create a financial ecosystem supportive of cities and local governments worldwide. This comprehensive document outlines discussions on accelerating progress towards realizing the United Nations Sustainable Development Goals (SDGs) through enhanced municipal finance mechanisms. It encompasses various sessions on intergovernmental fiscal transfers, own-source revenues, domestic capital markets, city-friendly investment funds, guarantee funds for cities, and innovative practices in financing culture-inclusive, gender-responsive urban services and infrastructure and accountability, transparency and evidence-based policy making through financial data for improved local financial resilience.

This document serves as a call to action and a guide for mayors, regional governors, government ministers, development banks, and all stakeholders involved in local government finance to collaborate and innovate in financing mechanisms that are conducive to the growth and sustainability of cities and local governments globally.

For those interested in urban development, municipal finance, and sustainable city planning, downloading the full report will provide valuable insights into the global efforts towards creating cities that are economically robust, environmentally sustainable, and inclusive for all residents.