The EGPS work program is led and implemented by the World Bank’s Extractives Global Unit. The Extractives Global Unit includes over 80 specialists supporting 75+ resource-rich countries in turning mineral wealth into jobs, infrastructure, and long-term growth. Backed by $6.5 billion in lending and more than 400 programs, the Unit helps governments strengthen institutions, improve regulations, and attract responsible investment. It anchors mining reforms in national development strategies and works closely with IFC and MIGA to unlock private capital and drive transformation across the mineral value chain. This work significantly amplifies the impact of EGPS grant funding through the World Bank’s broader lending program, led by the Global Extractives Unit.
- Urbanization and clean energy technologies, such as electricity-powered transport, solar panels, and wind turbines, are driving demand for critical minerals.
- Meeting this demand is challenging. Investment in new or expanding existing mines is necessary to satisfy future mineral demand.
- Investment is also needed in the smelting and refining of minerals, which is a critical step in producing clean energy technologies. As countries seek more diverse supply chains, mineral-rich countries have opportunities to attract investment, generate revenue, and promote development.
- Greater participation of developing countries in global mineral value chains will increase market resilience and support global economic growth.