World Bank Targets $19 Billion for Critical Minerals Financing by 2030

World Bank President Ajay Banga announced an ambitious goal to increase the institution's critical minerals financing fivefold, aiming for $19 billion between fiscal years 2026 and 2030. This initiative, involving partnerships with 20 countries, is projected to significantly influence global commodity markets and supply chains. The move underscores growing international focus on securing essential resources for the energy transition.