Finance in Common

What Finance in Common does

Finance in Common (FiCS) is a global coalition and coordination network for Public Development Banks (PDBs), established in 2020 at its inaugural Summit in Paris, where 526 PDBs signed a Joint Declaration committing to align their strategies, investments, and operations with the UN 2030 Agenda and the Paris Agreement. The organization is not a separately incorporated legal entity; it operates through a Secretariat hosted by Agence Française de Développement (AFD) at 5 rue Roland Barthes, Paris, and is governed by an Executive Committee that includes major multilateral development banks (World Bank, EIB, AfDB, ADB, AIIB), international institutions (UNDP, IMF, OECD, Green Climate Fund), and stakeholder networks.

The core product offering is a convening and coordination platform rather than a commercial technology stack: an annual global Summit, 14 Thematic Coalitions and 11 Working Groups spanning climate, energy transition, food systems, water, gender, and urban development, plus the FiCS Financial Innovation Lab (launched September 2023 with IDB and Climate Policy Initiative as secretariat) for mobilizing private climate capital in emerging markets. Research outputs include the PDB Reference Book drawing on more than 400 academic and policy papers, an extensive publications hub, and a structured International Agenda engaging G7, COP, and FfD4 processes.

The business model is non-commercial: FiCS has no revenue-generating pricing or product and is funded through member contributions and institutional partnerships under the AFD-hosted Secretariat. Its "customers" are the 526+ PDB signatories plus international institutions, private-sector collaborators, and civil society organizations that participate in coalitions and Summits. Leadership is led by President Rémy Rioux and Secretary-General Adama Mariko (also Deputy Executive Director at AFD), with approximately 14 staff delivering project, communications, and global-affairs functions.

Name

Finance in Common

Legal name

Finance in Common is a global initiative and coalition of Public Development Banks. The website www.financeincommon.org is published by Agence Francaise de Developpement (AFD), a French public establishment. Finance in Common does not appear to be a separately incorporated legal entity — it is a network/coalition hosted by AFD.

Website

https://financeincommon.org

Company type

Private

Founded year

2020

Operating status

Operating

Headcount range

11–50 employees

Short description

Finance in Common is a global coalition of 526 Public Development Banks, hosted by Agence Française de Développement, that aligns development finance with the 2030 Agenda and Paris Agreement through annual Summits, 14 thematic coalitions, and a Financial Innovation Lab.

Ownership category

akta.pro rank

Product category

Development Finance Coordination

NAICS

Credit Intermediation and Related Activities (522)

SIC

Federal & Federally-Sponsored Credit Agencies (6111), International Affairs (9721)

akta.pro primary industry

Multilateral Development Banks (MDBs) (FSABAKAA)

akta.pro secondary industries

National Development Banks & State Development Finance Institutions (DFIs) (BPADACAC), Green/Climate Development Banks & Funds (FSABAKAH), Infrastructure & Project Finance Development Banks (FSABAKAD), Development Finance, Guarantees & Blended Finance Programs (BPADABAM)

Keywords

• Public development banks
• Sustainable finance coordination
• Development finance network
• Climate finance alignment
• SDG financing coalition

Headquarters

HQ city

Paris

HQ country

France

HQ region

Europe

Offices1 record

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Operations, Marketing or Sales, Technology or R&D

Revenue model

1. Secretariat funding: Finance in Common is a non-commercial initiative with a Secretariat hosted by Agence française de Développement (AFD). The organization operates through member contributions and institutional partnerships rather than commercial revenue generation.

Go-to-market motion1 record

Distribution channels4 records

Marketing channels7 records

Core offering

Finance in Common operates a global coordination network for 526+ Public Development Banks, delivering annual Summits, Thematic Coalitions, the FiCS Innovation Lab, and research publications to align member banks' financial flows with the 2030 Agenda and Paris Agreement. The initiative is supported by a Secretariat hosted by Agence Française de Développement (AFD) and functions as a non-commercial coalition rather than a product-selling entity.

Product overview

Finance in Common is a global network of Public Development Banks (PDBs) organized as a coalition, not a single unified product. The organization operates through a combination of annual Summits, 14 Thematic Coalitions for peer learning and collaboration, the FiCS Innovation Lab for climate finance innovation, and extensive Research Publications. The core offering is the convening and coordination mechanism represented by the Joint Declaration signed by 526 PDBs worldwide, aimed at aligning financial flows with the 2030 Agenda and Paris Agreement.

Differentiator

Problem solved

Functional benefit

Products and services

• Finance in Common Summits Annual global convenings of all Public Development Banks (PDBs) worldwide to discuss climate and sustainable development issues and align financial flows with the 2030 Agenda and Paris Agreement. Target audience: 526+ signatory PDBs and stakeholders from public and private sectors.
• Thematic Coalitions Fourteen working coalitions organised around major PDB issues including climate, energy transition, food systems, water, gender equality, and urban challenges, enabling peer-to-peer practice and experience sharing among Public Development Banks.
• FiCS Financial Innovation Lab Action-oriented platform that fosters innovation and collaboration among Public Development Banks in mobilizing private capital and expanding climate finance, particularly in emerging markets and developing economies. Operated jointly with IDB and CPI.
• FiCS Joint Declaration The foundational commitment document under which 526 Public Development Banks pledge to align their strategies, investment patterns, activities, and operating modalities with the SDGs and the objectives of the Paris Agreement.
• PDB Reference Book The first comprehensive reference work on Public Development Banks, synthesizing lessons from over 400 academic and policy papers to summarize development finance practice.
• Research Publications Collection of research papers, reports, and studies covering development finance topics including climate change, sustainable banking, biodiversity, agriculture, water sector, and PDB alignment with SDGs.

Quantifiable outcome

• 526 PDBs committed to SDG alignment and Paris Agreement through Joint Declaration
• +2 more outcomes

Named customers10 records

Segments3 records

Ideal customer profiles3 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Partnerships

21 partnerships are on record, tiered core and flagship.

• Climate Policy Initiative (CPI)coreStrategic or Co-development Partner · 1 January 2023CPI serves as the secretariat for the FiCS Financial Innovation Lab. The partnership aims to operationalize the Lab as an action-oriented platform to accelerate climate finance implementation and the broader 2030 SDG agenda through collaboration among PDBs and donors.
• Inter-American Development Bank (IDB)coreStrategic or Co-development Partner · 1 January 2023IDB partnered with Finance in Common and CPI to create the FiCS Financial Innovation Lab, bringing together PDBs and donors around an action-oriented platform to accelerate climate finance mobilization in emerging markets.
• Agence française de Développement (AFD)coreStrategic or Co-development Partner · 1 January 2020AFD hosts the Finance in Common Secretariat in Paris. AFD is the French development agency that provides the institutional home and administrative support for the FiCS initiative, enabling coordination among the global network of 526+ Public Development Banks.
• World BankflagshipStrategic or Co-development PartnerWorld Bank is a member of the Finance in Common Executive Committee representing multilateral development banks. Collaborates on alignment with SDGs, climate objectives, and sustainable development finance standards.
• European Investment Bank (EIB)flagshipStrategic or Co-development PartnerEIB participates in the Executive Committee as a multilateral development bank member. Works with other PDBs on climate finance, sustainable infrastructure, and development finance alignment.
• African Development Bank (AfDB)flagshipStrategic or Co-development PartnerAfDB serves on the Executive Committee as a major regional multilateral development bank, contributing to PDB coordination and sustainable development finance in Africa.
• Asian Development Bank (ADB)flagshipStrategic or Co-development PartnerADB is a member of the Finance in Common Executive Committee representing Asian development finance, working on sustainable development and climate alignment initiatives.
• Asian Infrastructure Investment Bank (AIIB)flagshipStrategic or Co-development PartnerAIIB participates in Executive Committee as a multilateral development bank contributing to sustainable infrastructure finance and PDB coordination.
• International Development Finance Club (IDFC)flagshipStrategic or Co-development PartnerIDFC is a key partner network representing development finance institutions worldwide, involved in research initiatives and knowledge sharing within the FiCS community.
• United Nations Development Programme (UNDP)flagshipStrategic or Co-development PartnerUNDP participates as an international institution in the Executive Committee, contributing to PDB alignment with UN Sustainable Development Goals and global development policy.
• Green Climate Fund (GCF)coreStrategic or Co-development PartnerGCF participates in Executive Committee as an international climate finance institution, supporting alignment of PDB investments with climate objectives.
• Association of African Development Finance Institutions (AADFI)coreStrategic or Co-development PartnerAADFI represents African development finance institutions in the Finance in Common Executive Committee, facilitating regional PDB coordination.
• Association of Development Financing Institutions in Asia and the Pacific (ADFIAP)coreStrategic or Co-development PartnerADFIAP represents Asian-Pacific development financing institutions in Executive Committee, supporting regional PDB coordination.
• Latin American Association of Development Financing Institutions (ALIDE)coreStrategic or Co-development PartnerALIDE represents Latin American development financing institutions in Executive Committee, enabling regional PDB coordination and knowledge exchange.
• European Association of Public Banks (EAPB)coreStrategic or Co-development PartnerEAPB represents European public banks in the Executive Committee, contributing to sustainable finance standards and best practices.
• Association of European Development Finance Institutions (EDFI)coreStrategic or Co-development PartnerEDFI participates in Executive Committee representing European development finance institutions committed to sustainable development.
• Global Impact Investing Network (GIIN)coreStrategic or Co-development PartnerGIIN joined as a stakeholder partner to support knowledge sharing on impact investing and sustainable finance within the PDB community.
• Glasgow Financial Alliance for Net Zero (GFANZ)coreStrategic or Co-development PartnerGFANZ participates as a stakeholder partner, contributing expertise on net-zero financial commitments and climate alignment.
• International Fund for Agricultural Development (IFAD)coreStrategic or Co-development PartnerIFAD participates in Executive Committee as an international institution focused on rural development and agriculture finance.
• Rockefeller FoundationcoreStrategic or Co-development PartnerRockefeller Foundation participates as a stakeholder partner supporting innovation in sustainable finance and development banking.
• Institute of New Structural Economics (INSE) at Peking UniversitycoreStrategic or Co-development PartnerINSE collaborated with AFD to build the first comprehensive database on PDBs and DFIs worldwide, launching the International Research Initiative on Public Development Banks.

Scale indicators5 records

Recent moves6 records

Expansion highlights6 records

Direct peers

• Network for Greening the Financial System (NGFS): A network of 130+ central banks and supervisors working on climate-related financial risks. Similar to FiCS in convening public financial institutions around climate via shared frameworks, working groups, and global reports.
• UNEP Finance Initiative (UNEP FI): A UN-convened partnership of 450+ banks, insurers, and investors working on sustainable finance. Comparable to FiCS as a global network advancing sustainable finance standards, particularly via the Principles for Responsible Banking and climate commitments.
• Principles for Responsible Investment (PRI): A UN-supported network of 5,000+ signatories committed to incorporating ESG into investment decisions. Shares FiCS's network-driven model for aligning financial flows with sustainability objectives, with comparable governance and reporting frameworks.
• Glasgow Financial Alliance for Net Zero (GFANZ): A coalition of financial-sector institutions coordinating net-zero commitments across the financial system. Directly comparable to FiCS as a coalition model for mobilizing finance toward climate goals, with GFANZ focused on the private sector and FiCS on PDBs.
• Global Impact Investing Network (GIIN): A global network advancing impact investing standards and practice. Listed as a FiCS Executive Committee stakeholder; comparable to FiCS in mobilizing capital toward measurable social and environmental outcomes through coordinated financial-sector action.
• International Development Finance Club (IDFC): A network of 26 national and regional development banks focused on climate and sustainable finance. IDFC is the closest direct peer to FiCS — both convene PDBs around shared sustainability objectives, with significant overlap in membership (e.g., AFD, KfW, CDC, BNDES) and thematic areas.
• European Long-Term Investors Association (ELTI): A network of European national promotional banks and development finance institutions. Comparable to FiCS as a regional-level coordinator and advocate for public development banks, with similar convening and policy-influencing functions.

Broad incumbents

• World Bank Group: The largest multilateral development bank and a FiCS Executive Committee member. Comparable as a flagship global institution shaping development finance standards, with FiCS serving as a complementary coordination layer across the broader PDB universe.

Others

• Climate Policy Initiative (CPI): A deep-dive climate finance analysis and advisory organization that serves as secretariat for the FiCS Innovation Lab. Comparable as a critical enabling partner that translates FiCS's convening power into actionable climate-finance investment analysis.
• Agence Française de Développement (AFD): The French public development bank that hosts the FiCS Secretariat and whose CEO (Rémy Rioux) serves as FiCS President. As the institutional anchor and primary funder, AFD is the closest related entity even though it is a single PDB rather than a network.

Market position

Strengths4 records

Weaknesses4 records

Competitive moat4 records

Key risks5 records

Key highlights7 records

Customer concentration

• Xx.com/financeincommon
• YouTubeyoutube.com/c/financeincommonsummit
• LinkedInlinkedin.com/company/the-finance-in-common-summit

Revenue estimate

Valuation estimate

Number of profiles

Profiles5 records

Funding overview

Funding rounds

Investors

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M&A

Investments

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Frequently asked questions about Finance in Common