Funded by the European Union, the activities of the International Urban Cooperation (IUC) program support the achievement of bilateral political objectives, as well as international agreements on urban development and climate change, such as the Urban Agenda, the Sustainable Development Goals, and the Paris. The IUC program involves international financial institutions and partners to articulate decision makers in municipalities with potential funders. European businesses are an important partner for activities under the components of sustainable urban development and cooperation innovation for local and regional development.