It is no longer news that climate changes are, quite literally, reflected through water. TheIt is no longer news that climate changes are, quite literally, reflected through water. Thecombined challenges of flood and drought already impact a fifth of the world’s population,disproportionately affecting vulnerable communities and ecosystems. These impacts areprojected to rise drastically absent affordable adaptation solutions. Nature-based Solutions(NbS), deployed at scale and in the right places, have broad applicability to the mitigationof flood and drought and to helping communities adapt to climate change. Nevertheless,the global extent of their applicability remains misunderstood. This report offers guidanceto disaster risk planners and adaptation funders on where and how to effectively harnessnature to adapt to both a wetter and drier future.

Financing for Development is at a crossroads. This 9th Report of the Inter-agency Task Force on Financing for Development paints a sobering picture. The window to rescue the SDGs and prevent catastrophic climate change is closing. We are falling short on core commitments of the 2030 Agenda such as ending extreme poverty and hunger. Financing challenges—including an investment crisis, driven by a sluggish global economy and tight financing conditions—have hampered our progress, preventing the urgently needed investment push in the SDGs. But amid these challenges there lies opportunity. If we can address the big financing challenges of today—close the growing financing gaps, fix the international financial architecture, and create enabling environments at all levels to finance theambitious transformations we need—then we can still succeed. It will be difficult, but it is doable. This report addresses that.