Nature Positive Financing the Tranisition in Cities

Structured collaboration between cities and MDBs may be beneficial, such as adopting a mechnism that simplified the management of MDB relationships and which can aggregate and disburse funds. Governments and MDBs share common objectives and stand to gain from collaborating on projects and upskilling municipal public sector workforces in a variety of ways (see Figure 10). Opportunities for cities Cities can adopt a more structured collaboration with MDBs by: –Introducing secondments for MDB employees in subnational governments across nature- related departments and agencies to strengthen interest in attracting nature finance, and to embed nature considerations in governance structures. –Enabling more technical support from MDBs for nature-positive solutions, as well as for maintaining an ongoing dialogue and interaction with MDBs. –Establishing an MDB steering committee within each programme/project leadership team to oversee the implementation of programmes and initiatives to limit harm to nature. 5.3 Adopting a structured collaboration mechanism through which MDBs can easily engage with city governments MDB secondments into municipal governments assist in developing skills and capabilities, support with project management and provide guidance on industry best practices.Government department (e.g. environment)Government department (e.g. energy)Government departmentProject delivery team Technical support from MDBs is beneficial for governments that require further expertise on nature.A joint MDB-government steering committee is beneficial for proiect decision-making by integrating multiple perspectives, tracking investment deadlines and monitoring progress on project outcomes.Sub-national MDB secondment Government Government Government MDB MDB supportMDB secondeeMDB secondeeNature technical support MDB-government steering committeeModels for MDB-government collaboration FIGURE 10 Source: World Economic Forum. 35 Nature Positive: Financing the Transition in Cities