Global banks unite to strengthen critical minerals supply chains in developing economies

Multilateral development banks (MDBs) announced a joint framework to help developing countries build stronger and more diversified critical-minerals supply chains, moving beyond raw extraction into processing, manufacturing, and recycling. The initiative focuses on improving governance, infrastructure, and investment conditions while promoting environmental, social, and transparency standards across mining and industrial projects. MDBs also pledged to coordinate financing, share expertise, and attract more private-sector capital to support resilient supply chains tied to clean energy, digital technologies, and economic development. The statement emphasizes that these efforts should create local jobs, strengthen regional trade, and deliver long-term economic benefits aligned with countries’ national priorities.

Source: adapted from World Bank Group, April 2026.