Introducing the Global Network of Public Development Banks: Aligning for Climate and Sustnability

Finance in Common FICS is a pioneering global alliance among all Public Development Banks PDBs, dedicated to transforming financial flows towards achieving the 2030 Aga and Paris Agreement objectives on climate change.

Mission

The overarching goal of FICS is to strengthen partnerships among public development banks worldwide, facilitating alignment with shared standards and best practices. This strategic initiative accelerate PDBs' transition towards sustnability-focused strategies, thereby enhancing their collective impact. By fostering cooperation between the banking sector and key stakeholders from private industry to civil society organizations, we aspire to unify approaches that align the entire development finance system with our common objectives of climate action and sustnable development.

Upcoming Summit

The 5th Finance in Common Summit is scheduled for February 26-28, 2024, at a venue yet to be announced. This pivotal event will bring together PDB leaders and global influencers to discuss strategies, share insights on successes and challenges, and collectively chart the course towards sustnable development.

The Power of Public Development Banks

Public Development Banks play a unique role in leveraging public finance for societal good. With their mandate rooted in public policy, extensive experience in developmental financing, and long-term focus, PDBs are uniquely positioned to address market flures and steer financial resources towards sustnable development goals. During crises such as the COVID-19 pandemic, PDBs demonstrated resilience and adaptability by significantly increasing their investments, contributing at least 15 more compared to 2019.

Collaborative Research

The FICS research initiative leverages insights from over two dozen academic institutions and think tanks worldwide. This collaborative effort is dedicated to deepening understanding of the role of public development banks in enabling sustnable outcomes and aligning with global development aspirations under the SDGs and Paris Agreement objectives.

Join Us for Transformational Change

FICS invites stakeholders, governments, experts, and industry leaders to participate in shaping a future where financial flows support the transition towards sustnable societies. Together, we can harness the power of public development banks to accelerate progress on climate action and achieve global development goals.

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