World Bank Aims to Quintuple Critical Minerals Financing to $19 Billion Over Five Years

World Bank President Ajay Banga announced a new strategic goal to increase the institution's critical minerals business fivefold over the next five years, targeting $19 billion in financing for the fiscal 2026-2030 period. This initiative, revealed at the IMF and World Bank annual meetings in Bangkok, includes identifying 20 partner countries for critical minerals development projects.