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.

Interested applicants can learn more information about the proposal submission process in the FiCS Lab FAQs or through the Cycle 3 Webinar recordings in both English and Spanish.

For additional questions and/or concerns about the program, please contact the FiCS Lab Secretariat at ficslab@cpiglobal.org to request a meeting with the team.

The application deadline for Cycle 3 is January 17, 2027 at 11:59 PM US Pacific Time. 

View application guidelines

Submit a proposal