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This policy brief by the Climate Policy Initiative examines the barriers and opportunities for National Development Banks (NDBs) to increase financing for climate-smart urban infrastructure. It identifies a significant gap between the potential of NDBs to act as intermediaries and the current reality, where only a small minority finance local governments. The document provides a 'City Maturity Model' consisting of 12 dimensions across strategic, financial, policy, and operational levels to help city officials improve their creditworthiness and project pipelines to better access NDB funding.

This policy brief by the Climate Policy Initiative examines the role of National Development Banks (NDBs) in financing climate-smart urban infrastructure. It identifies significant gaps in current NDB mandates and proposes a 'maturity model' consisting of 12 dimensions across strategic, financial, business, and operational parameters to help NDBs better support municipalities. The document provides recommendations for International Financial Institutions (IFIs) to support NDBs through technical assistance, innovative capital access, and de-risking instruments to bridge the urban climate investment gap.

This policy brief by the Climate Policy Initiative examines how National Development Banks (NDBs) can be leveraged to increase financing for climate-smart urban infrastructure. It identifies significant gaps in current NDB mandates and proposes a 12-dimension maturity model to help NDBs optimize their strategic, financial, business, and operational capacities to better support municipalities in implementing low-carbon and climate-resilient projects.