Finance in Common Summit (FiCS) 2025

Climate Reform Milestones

Themes

Country-led Initiatives Carbon Markets Commitments and Ambitions Concessional Finance Domestic Mobilization Just Transition Fiscal Space Private Finance MDB Reform

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Climate Reform Milestones

Debt-for-Climate Swaps

Fiscal Space

CPI under the FiCS lab published the Debt for Climate Swapsprimer ahead of the FiCS summit.

Climate-Resilient Debt Clauses, and Pre-Emptive Reprofiling

Fiscal Space

CPI under the FiCS lab published the CRDCs primer ahead of the FiCS summit

Country Platforms

Country-led Initiatives

The FiCS 2025 Final Comuniqué, in complement of the 2024 G20 Roadmap, supported a complementary collective action from PDBs emphasizing the role of National and Subnational Development Banks in the efficient deployment and buy-in of country platforms. Ways to access vertical climate and SDG-aligned funds.

Standardization, Data-Sharing, and Transparency

MDB Reform

Unveiled 2025 edition of the PDB&DFI database, with an inventory of 536 PDBs and DFIs and their mandates, assets, and geographic presence.

Guarantees

Private Finance

IDFC, FiCS and MIGA launched the Global Guarantee Platform to streamline product offerings and maximize the limited capital available for development in emerging markets and developing economies.

Finance in Common Summit (FiCS) 2025 | Climate Finance Reform Compass