World Bank Group President Ajay Banga and Minister of Finance of Japan Satsuki Katayama agreed to strengthen collaboration to help developing countries build more resilient supply chains and energy systems. The joint effort aims to unlock investment, create jobs, and foster long-term economic growth across developing nations.
During their meeting, the officials signed the document to launch the Resilient and Inclusive Supply-chain Enhancement Plus (RISE+) initiative and finalized a new framework named Dynamic Response for Invigorating Value Chains and Energy Security (DRIVE). Together, these new platforms extend the existing partnerships of Japan with the World Bank Group on critical minerals and regional energy security.
Targeting critical mineral integration
Japan will officially launch RISE+ as a new $20 million facility under its single-donor trust funds. This funding is structured to complement the original Resilient and Inclusive Supply-Chain Enhancement (RISE) Partnership, which was initially established under the G7 presidency of Japan in 2023.
The updated framework will focus on helping developing nations translate growing global demand for key infrastructure development and private capital mobilization into practical results. It aims to direct these economic drivers toward the supply chains of critical minerals, including rare earths, to secure concrete public and private investments.
The implementation of RISE+ is intended to stimulate domestic industrial development and create high-quality jobs, specifically in line with individual Country Compacts. By closely coordinating public and private sector actions, the strategic initiative aims to help mineral-rich nations transform their natural resource wealth into lasting economic opportunities and sustainable regional development.
