Already facing water stress, much of Latin America (such as the western slopes of the Andes and the dry corridor of Central America) is projected to experience intensified periods of drought in the coming decades, further complicating development efforts in the region. At the same time, heavy floods are the most common natural disaster in the region, disrupting life for countless people. According to the World Bank, in Latin America and the Caribbean alone roughly $14 billion per year is required to meet the 2030 water and sanitation targets of the United Nations Sustainable Development Goals. Typically, investments at this scale have been made by governments and large firms that invest in traditional infrastructure such as dams. But with ever-growing development needs and increased understanding of the impacts of climate change, Nature-based Solutions (NBS) are gaining momentum as a new way of incorporating environmental considerations into development responses.