Welcome to the FiCS Lab
Scaling Ambition: FiCS Lab Incubator Cycle 2 Instruments
Scaling Ambition: FiCS Lab Incubator Cycle 2 Instruments
The second cycle of the FiCS Lab incubator is now underway—advancing practical financial solutions to close climate finance gaps.
Cycle 2 will deliver three new context-specific instruments targeting key barriers in climate and sustainable infrastructure finance:
- Development Finance Corporation Belize will develop a Livelihood Protection Policy for MSMEs, combining parametric climate insurance with lending and technical support to improve resilience to climate shocks.
- Nigeria’s National Agricultural Development Fund will design a blended finance facility to scale agricultural lending, using concessional capital, risk-sharing tools, and incentives to mobilise private investment.
- The Bank of Bhutan and Bhutan Climate Fund are to develop a carbon-linked bond to channel capital into climate projects through performance-based financing structures.
Read the Cycle 2 flyer to learn more, or reach out to FiCSLab@cpiglobal.org with any questions.
Submissions for Cycle 3 will open in September 2026.
Explore the FiCS Lab Incubators Cycle 1 Projects
Development Bank of Southern Africa
The Development Bank of Southern Africa (DBSA), in partnership with South-African based Promethium will conduct critical assessments to establish a voluntary carbon market platform in South Africa, addressing local needs with integrity and existing barriers to effective market development. Learn more here
Uganda Development Bank
The Uganda Development Bank (UDBL) is tackling currency risk challenges by partnering with researchers from the University of Leeds and City St George’s, University of London to develop a novel risk distribution instrument to reduce the risk of local currency lending through its Climate Finance Facility. Learn more here
Development Bank of Minas Gerais
The Development Bank of Minas Gerais (BDMG) is designing a guarantee facility to provide concessional capital to support regenerative agriculture (RA) uptake. Working with local partners GAAS, Sitawi, and WayCarbon, BDMG’s facility will include a credit line, credit guarantee fund, technical assistance, and an income support fund. Learn more here
FICS LAB WORKING GROUPS
FICS LAB WORKING GROUPS
FiCS Lab Working Groups provide a dedicated, PDB-led space for knowledge sharing and policy dialogue. Meeting virtually once a month, working groups hear insights from external experts, share their lessons learned, and develop guiding materials for the FiCS membership. Working groups for 2025 will cover:
To join a working group, please fill out this form or contact the FiCS Lab at FiCSLab@cpiglobal.org
WHAT IS THE FICS LAB?
WHAT IS THE FICS LAB?
The mission of the FiCS Lab is to foster innovation and collaboration among PDBs in accelerating climate finance efforts, particularly in emerging markets and developing economies.
To achieve this, the FiCS Lab focuses 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.
