The World Bank Group and Japan Expand Cooperation to Strengthen Critical Minerals Supply Chains and Energy Resilience
Japan, June 8 -- World Bank Group President Ajay Banga and Minister of Finance of Japan Satsuki Katayama today agreed to strengthen collaboration on helping developing countries build more resilient supply chains and energy systems, unlocking investment, jobs, and long-term economic growth.They signed the document to launch the Resilient and Inclusive Supply-chain Enhancement Plus (RISE+) , and agreed on a new framework called Dynamic Response for Invigorating Value Chains and Energy Security (DRIVE). Together, these initiatives extend Japan's existing partnerships with the World Bank Group on critical minerals and regional energy security.Expanding Critical Minerals SupportJapan will launch RISE+, a new $20 million facility under Japan's s...
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