LAB

LABs

Innovation is a powerful tool that can help drive transformations in the region and promote investment in different sectors, and provide opportunities for progress to populations in vulnerable situations in economic, social and environmental terms.

The "LAB" is the innovation laboratory dialogue between financial and capital markets to structure and identify ways to implement innovative green and sustainable financial instruments and to promote sustainable best practices for capital markets in the region, in collaboration with development banks and state development agencies, among other actors.


 

Scope of Activities

Sustainable Finance

Exchange of experiences on financial instruments for different sectors, including transport, energy and agriculture.

Green Bonds

Promotion of instruments and the regulatory framework for the development of the local market for green and sustainable bonds and assistance to investors and issuers.

Green Banking

Support to public and private banks in developing best practices for green banking, including institutional strategies, and climate risk management..

Impact Investment

Promotes the creation of alternative financial instruments to finance investments with social impact, deepening financial solutions for local projects.


 

Where it is implemented

Brazil

Development of innovative financial solutions to leverage private investment in projects that may have social and/or environmental additionality.

Chile

Roadmap activities identification and objectives definition to integrate climate change risks into financial practices and regulation.

Mexico

Identifying financial solutions to expand private investment in green and sustainable businesses.

 

Project Map

Click icon to locate all active initiatives in the region.

 

Why LABs?

LABs allow for strategic positioning to work with the private sector and leverage influence on linkages with governments, corporations and civil society to maximize the impact of planned projects and investments.

As a platform that catalyzes innovation for inclusion in Latin America and the Caribbean, IDB Lab supports ventures and projects with the potential to generate transformational impact on populations that are vulnerable due to economic, social, gender and/or environmental conditions.

LABs connect capital resources, stakeholders and knowledge in Latin America and the Caribbean, and between the region and different parts of the world.



Innovation allows to overcome barriers that prevent green investment such as:

Scarce FinancingScarce financing for entrepreneurs.
Emerging InnovationAdolescent or emerging innovation and entrepreneurship ecosystems.
High CostsHigh costs of products or services due to insufficiently deployed technologies.

 

Success Cases

Brazil

As a result of the first year of the Brazilian LAB, three products were designed and presented, i) Energy Saving Insurance (ESI), ii) risk analysis of solar photovoltaic projects and iii) first loss fund. Read More

Chile

Green Finance Public-Private Roundtable, to outline a long-term agenda for dialogue and joint work between government, regulators and financial market institutions, to incorporate climate change risks and opportunities into their business strategies. Read More



 

Partners on the Ground

The Inter-American Development Bank has partnered with major "green" players to catalyze new investments in the Latin American and Caribbean region.

This initiative is promoted by the IDB with the support of the International Climate Initiative (IKI) Federal Ministry of the Environment, Nature Conservation and Nuclear Safety (BMUB).

Additionally, the IDB has partnered with key "green" players and national development banks (NDBs) to design and promote green financial instruments in the Latin American and Caribbean region.
 

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RESOURCES
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IDB and GIZ sign a collaboration agreement within the framework of the Mexico LAB multisectoral forum

The Deutsche Gesellschaft für Internationale Zusammenarbeit (GIZ) GmbH and the Inter-American Development Bank (IDB) have signed a cooperation agreement for the multi-sector forum México Laboratory for Financial Innovation (LAB) to strengthen the activities of the forum for the promotion of climate finance. The "LAB" is the innovation laboratory dialogue between financial and capital markets to structure and identify ways to implement innovative green and sustainable financial instruments and to promote sustainable best practices for capital markets in the region, in collaboration with development banks and state development agencies, among other actors. For the LAB's Distributed Generation Financing Roadmap, workshops have been held in which more than 180 representatives from financial institutions, commercial and development banks, and distributed solar generation development companies have participated. The LAB seeks to support national development banks, private banks and other actors in the Mexican financial sector to promote debate and the exchange of experiences towards the development of financial innovations that support the sustainable development of Mexico. Based on the agreement, the entities are committed to sharing progress on issues of mutual interest, such as the results of relevant initiatives and studies to nurture debate and exchange of experiences in the field of green finance between institutions and sectors of the platform, as well as the next steps for the cooperation. The signature took place at the virtual Forum "Green and Inclusive Financing" on November 19th, with the aim of presenting the cooperation between GIZ and IDB at the multi-sectoral forum "Financial Innovation Laboratory Mexico". The Green and Inclusive Financing Forum organized by GIZ Mexico is a national, regional and international event that aims to • Present the actions that GIZ Mexico has carried out and is currently carrying out with implementing partners and counterparts from the public and private sectors in the field of Sustainable Financing • Generate a venue for meeting and dialogue between key actors on progress, trends, and possible synergies for the mobilization of financial resources to facilitate a green and inclusive recovery The session was broadcasted live on various digital media channels, including social networks, YouTube and the event website. The agreement signature event was attended by • Roberto Manrique, IDB Representative in Mexico, IDB • Marita Brömmelmeier, Resident Director, Deutsche Gesellschaft für Internationale Zusammenarbeit (GIZ) GmbH Mexico • Enrique Nieto, Lead Financial Markets Specialist, IDB • Joscha Rosenbusch, Energy Cluster Coordinator, GIZ Mexico And was moderated by Lishey Lavariega, Technical Advisor - GIZ Mexico




 

Visit Other Initiatives

  • Market Regulators For Development
  • Bioeconomy
  • Private Sector
  • Green Social and Thematic Bonds
  • Green Finance
  • Climate Risk
  • Blue Economy
  • Green Bond Transparency Platform
  • LAB

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