FiCS Financial Innovation Lab (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 (FiCS Lab) with CPI as its secretariat.

Launched in 2024 at the FiCS Summit in Cartagena, Colombia, the FiCS Innovation Lab is a financial instrument accelerator dedicated to supporting PDBs in developing innovative financial solutions to climate challenges. Its mission is to serve as an action-oriented platform designed to expand climate finance and mobilize private capital particularly in emerging markets and developing economies (EMDEs).

Now in its third cycle, the FiCS Innovation Lab invites public development banks (PDBs) and their development partners to submit proposals for financial instruments that target climate finance challenges and opportunities in EMDEs.

View application guidelines

Submit a proposal

Featured work

Event

Learn how to join the FiCS Lab Incubator in 2027

The Incubator supports public development banks (PDBs) and/or equivalent public financial institutions and their development partners to incubate and pilot innovative financial instruments aimed at pressing climate challenges and opportunities.

Event

CPI at the Carbon Markets Africa Summit 2026

Kigali

CPI joins CMAS 2026 as Knowledge Partner, with Africa Director Jonathan First as speaker.

Publication

UDB Currency Risk-Sharing Facility

Taarika Peres and Zeineb Ben Yahmed

This instrument design report explains how Uganda Development Bank, through the FiCS Innovation Lab, has designed the innovative Climate Risk-sharing Facility to mitigate currency risk to scale affordable lending for green projects.

Partners

Latest work

Publication

Unlocking Climate Risk Insurance: The Role of Public Development Banks

Taarika Peres, Jyoti Sharma, Oluwafunmibi Asunmonu and Jide Olutoke

May 12, 2026

Developing Economies, Finance, Finance in Common Innovation Lab

Rising climate risks demand stronger economic resilience. While vital for everything from small farms to infrastructure, insurance remains limited in EMDEs. Our report explores how scaling these solutions can protect physical assets and unlock capital for high-risk markets.

Publication

DBSA: Financial instrument design for an effective carbon market in South Africa

Jyoti Sharma and Joyce Lin

April 29, 2026

Carbon Markets and Offsets, Finance in Common Innovation Lab, South Africa

The Development Bank of Southern Africa, in partnership with the FiCS Innovation Lab Incubator, has developed two novel financial instruments designed to transform carbon credits from complex assets into de-risked, bankable products.

Publication

The Regenerative Agriculture Fund: A scalable blueprint for Agri-innovation in EMDEs

Karla D. Gonzalez Esquinca and Taarika Peres

April 15, 2026

Agriculture and Food Systems, Brazil, Finance in Common Innovation Lab

EMDE agriculture faces a double-bind: it’s a climate risk driver and its biggest victim. BDMG’s RA Fund breaks this cycle. Using a three-tiered approach to de-risk, empower, and align incentives, this model turns policy into reality. Download the report to explore the future of agri-innovation...

Publication

Strengthening collaboration to scale climate and development finance

Sasha Abraham, Priscilla Negreiros, Barbara Buchner, Jyoti Sharma, Zeineb Ben Yahmed, Juliette Allisy, Mridhu Khanna, Jose E. Diaz, Sean Stout, Gareth Phillips and Arthur Pataud

July 25, 2025

Climate Finance, Finance in Common Innovation Lab, Global

Strengthening collaboration among vertical climate funds, multilateral development banks, and national development banks is key to scaling climate and development finance. This report, commissioned by the G20 Sustainable Finance Working Group, outlines actions to mobilize public and private capital,...

Publication

Role of Public Development Banks in Supporting Domestic Carbon Markets

Matthew Solomon and Karla D. Gonzalez Esquinca

March 5, 2025

Climate Finance, Emerging Markets and Developing Economies (EMDEs), Finance in Common Innovation Lab

Publication

Climate-resilient debt clauses: a primer for FiCS members

Maura Cravero, Karla D. Gonzalez Esquinca and Taarika Peres

February 28, 2025

Debt Finance, Finance in Common Innovation Lab, Small Island Developing States

Climate-related disasters threaten fiscal stability and development progress, particularly in vulnerable economies. Climate-resilient debt clauses (CRDCs) offer a proactive solution by allowing countries to defer debt repayments in the wake of disasters, enabling a more effective emergency response...

More results +

FiCS Financial Innovation Lab (FiCS Lab)

Featured work

Partners

Latest work

Latest News and Events

Team