Developed through collaboration under RISE in 2024, the Multilateral Development Banks (MDBs) Working Group on Critical Mineral Value Chains joint statement reflects progress toward more coordinated, resilient, and responsible support for client countries.
Read moreThe World Bank estimates that more than $500 billion in investment will be needed by 2040 to meet growing global demand for critical minerals essential to clean energy technologies. Without stronger investment, financing mechanisms, and partnerships, supply risks will increase, potentially slowing the energy transition and limiting development opportunities for mineral-rich countries.
Read moreFacing significant losses from illicit gold trade and seeking to formalize a vital, yet often dangerous sector, Côte d'Ivoire has joined forces with the World Bank and the World Gold Council in an ambitious partnership to transform its small-scale mining. The agreement signed today seeks to improve safety and transparency in an industry that supports half a million livelihoods but has long struggled with poor regulation, environmental harm, and widespread smuggling.
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