Development finance is laying foundations for urban circularity

From the newsletter

South Africa is putting $1 billion from the BRICS-backed New Development Bank towards reforms across eight metros, adding to a pipeline of multilateral financing for urban water, electricity and waste services. The financing signals a shift towards integrating infrastructure systems underpinning resource recovery and circularity in African cities.

• The emerging pipeline is moving beyond standalone waste projects towards the municipal systems and services that determine how cities collect, use, recover and manage resources.

• This reflects the logic of circular cities, where waste, water, energy and other urban systems are planned together to improve resource efficiency, reduce losses and create the infrastructure conditions for resource recovery.

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