World Bank Targets Mineral Financing

World Bank President Ajay Banga announced a plan to quintuple critical minerals financing to 19 billion dollars over five years. The strategy targets twenty partner countries to build local industries and retain domestic value.

World Bank Group President Ajay Banga arrives at the plenary session for the IMF/World Bank 2026 Annual Meetings at Queen Sirikit National Convention Center in Bangkok, Thailand, October 16, 2026. REUTERS/Athit Perawongmetha

The World Bank plans to quintuple its critical minerals financing to $19 billion over the 2026-2030 fiscal period, President Ajay Banga announced Friday morning in Thailand.

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