MDBs Join Forces to Accelerate Urban TransformationMDBs Join Forces to Accelerate Urban Transformation

The GPSC serves as a global knowledge hub, fostering connections among cities and partners across a wide range of disciplines. It offers technical expertise, cutting-edge tools, and a collaborative space for cities to address the complex challenges posed by rapid urbanization and climate change. As a core initiative of the GPSC, the proposed engagement with MDBs and Financial Institutions (FIs) aims to advance the urban sustainability agenda by enhancing coordination and strategic collaboration. MDBs and FIs are critical actors in financing sustainable urban development. However, opportunities remain to deepen their coordination and engagement within the Global Environment Facility’s (GEF-8) Sustainable Cities Integrated Program (SCIP).

The GPSC serves as a global knowledge hub, fostering connections among cities and partners across a wide range of disciplines. It offers technical expertise, cutting-edge tools, and a collaborative space for cities to address the complex challenges posed by rapid urbanization and climate change. As a core initiative of the GPSC, the proposed engagement with MDBs and Financial Institutions (FIs) aims to advance the urban sustainability agenda by enhancing coordination and strategic collaboration. MDBs and FIs are critical actors in financing sustainable urban development. However, opportunities remain to deepen their coordination and engagement within the Global Environment Facility’s (GEF-8) Sustainable Cities Integrated Program (SCIP).

Objectives of the Session

• Define Engagement Modalities – Identify effective modalities for MDB engagement under GEF SCIP to foster knowledge exchange and strategic alignment in urban sustainability investments.
• Facilitate GEF Process Engagement – Explore avenues for MDB and FI involvement in GEF-related processes to enhance synergy and coherence.
• Promote Synergies – Strengthen collaboration between MDBs, FIs, and SCIP projects to maximize the impact of financial and technical assistance.
• Establish Next Steps – Outline a roadmap for continued engagement, including proposed joint activities and future initiatives.