Welcome to the FiCS Lab
Finance in Common (FiCS), the Inter-American Development Bank (IDB), and Climate Policy Initiative (CPI) have partnered to operationalize the FiCS Financial Innovation Lab with CPI as its secretariat. In September 2023, FiCS announced, the creation of a “Financial Innovation Lab” in its final communiqué from the 2023 FiCS Summit”. The vision is to bring together public development banks (PDBs) and experts around an action-oriented platform to accelerate the implementation of climate finance and the 2030 SDG agenda.
WHAT IS THE FICS LAB?
WHAT IS THE FICS LAB?
The mission of the FiCS Lab is to be a platform that fosters innovation and collaboration among PDBs in mobilizing private capital and expanding climate finance, particularly in emerging markets and developing economies.
To achieve this, the FiCS Lab will work on three pillars:
- Pillar 1: Sharing and advancing knowledge and best practices on financial innovation gaps, initiatives, and implementation. This will be achieved by producing issues briefs, blogs, and disseminating knowledge products.
- Pillar 2: Facilitating structured dialogues to standardize or harmonize approaches by creating m workstreams, workplans and any relevant governance arrangements.
- Pillar 3: Supporting incubation of specific financial innovations in institutions that are ready to act but need technical and/or financial support.
working group
working group
The FiCS Lab plans to establish four working groups to drive Pillar 1, sharing and advancing knowledge and best practices, and Pillar 2, facilitating structured policy dialogues. Each group will address one of the four thematic areas identified in the FiCS communique:
- Climate resilient debt clauses
- Debt for nature/climate swaps
- Domestic carbon markets
- Currency risks
