Financing the Transition: How Growth Markets Can Mobilise Capital for Sustainable Development
12 November 2026, Anbima and World Climate Foundation release an Executive Summary of ‘Financing the Transition: How growth markets can mobilise capital for sustainable development’, to explore how financial markets can overcome investment barriers, mobilise private capital and accelerate sustainable development.
Growth markets offer significant opportunities to advance sustainable development, from productive agriculture and cleaner energy systems to critical minerals. However, turning these opportunities into viable, investment-ready projects remains a major challenge for financial institutions, investors and policymakers.
The issue is not simply the availability of capital. Projects also need credible preparation, dependable revenue models, appropriate risk-sharing mechanisms, reliable data and clear market demand to attract investment. Addressing these barriers is essential to mobilising private investment and building financial markets capable of supporting the transition to a more sustainable economy.
To explore these challenges, Anbima convened a series of roundtables in 2026, bringing together financial institutions, investors and industry leaders to examine how markets can better mobilise capital for sustainable development. Developed in collaboration with World Climate Foundation, a new Executive Summary captures the findings of these discussions, complemented by international perspectives from the Investment Mobilisation Collaboration Alliance (IMCA) and sustainable finance practitioners.
Six Key Takeaways for Mobilising Sustainable Investment
The findings identify six priorities for strengthening financial markets and unlocking sustainable investment opportunities in growth markets:
1. Capital mobilisation is a market-building challenge
The availability of finance does not guarantee investable projects. Project preparation, revenue certainty, demand, data and trusted institutions determine whether investment can happen.
2. Different sectors need different solutions
Solutions must be context-specific. Agriculture needs aggregation and value-chain access; energy needs bankable infrastructure and revenue models; and critical minerals need patient capital, offtake agreements and credible safeguards.
3. Catalytic capital must be genuinely catalytic
Public and concessional finance should take risks that private investors cannot yet carry, build market confidence and create a pathway towards commercial independence.
4. Country-led finance is essential
International capital should reinforce domestic institutions, local-currency capacity and national development priorities rather than impose a uniform model. Solutions must respond to local conditions.
5. Align global standards with local priorities
Common standards and impact metrics should build investor confidence while reflecting local market conditions, including livelihoods, social outcomes and development priorities.
6. Judge success by sustained flows and outcomes
Progress should be measured through finance deployed, viable investment pipelines, local market capacity and measurable benefits - not just commitments or new financing instruments.
From Capital Commitments to Investment at Scale
Brazil provides an important example of how financial market infrastructure, public financing mechanisms and domestic institutions can work together to support sustainable investment. Initiatives such as the National Treasury's Eco Invest programme and the Brazil Investment Platform demonstrate approaches to connecting investment opportunities with domestic and international sources of capital.
The broader message is that mobilising sustainable finance requires more than capital commitments. It requires financial ecosystems capable of delivering investment repeatedly and at scale.
The Executive Summary, Financing the Transition: How growth markets can mobilise capital for sustainable development, will be launched by Anbima and World Climate Foundation at COP31 on 11 November.
