U.S. International Development Finance Corporation (DFC) is the U.S. federal agency that mobilizes new and innovative financial products to better bring private capital to the developing world. DFC is America’s development bank, and its investments are helping advance the Build Back Better World Initiative. The Capstone project focused on identifying areas of investments in climate-focused activities outside of the renewable energy sector. The team prepared a landscape analysis of private financial institutions active in climate-related investments and identified 2-3 transaction opportunities for DFC in low-income-countries (LICs) or low-middle-income-countries (LMICs) that advance climate change development objectives. The climate risk index, ease of doing business, economic and political indicators, led the team to choose India and Nepal for deeper analysis. From this rationale, the team landed on addressing climate change in India and Nepal from an adaptation perspective. Climate change makes its most pronounced negative impact on their water resources, affecting GDP, public health, and sanitation. Due to India’s varying demographic and geological factors, the team dived into the sub-national level to identify regions severely affected by water scarcity issues. Then, they analyzed the existing finance in WASH (Water, Sanitation and Hygiene) projects and financial participants in both public and private sectors. Finally, the team focused on key players in the WASH industry, identified investment opportunities, and made charts of recommended financial intermediaries for DFC.