<h1>Private capital essential for sustainable development but mobilization remains insufficient for emerging economies</h1> The Finance Minister emphasized private capital's critical role in sustainable development during a leadership summit in Spain. She highlighted that private investment serves as a catalytic force for unlocking capital, boosting productivity, and fostering innovation essential for inclusive economic growth. Despite encouraging growth in private investment through innovative financial instruments, mobilization remains below required levels, with low and middle-income countries receiving disproportionately small shares. Key challenges for emerging economies include high capital costs, shortage of bankable projects, regulatory constraints, and risk perceptions. The minister outlined seven strategic transformation areas including strengthening domestic financial markets, addressing risks through reforms, scaling investment opportunities, and supporting small enterprises through improved credit access and simplified compliance frameworks.