World Bank President Ajay Banga said that the World Bank plans to increase the scale of financing related to key minerals to five times the original within five years. The program aims to provide $19 billion in critical minerals financing for the 2026-2030 fiscal year. Banga said at the plenary session of the World Bank and International Monetary Fund annual meeting held in Bangkok on Friday that the Washington-based agency has selected 20 countries and can cooperate with them on key mineral development projects. US Treasury Secretary Scott Bessent said earlier this week that “critical minerals are basic inputs for economic growth and economic security,” and the World Bank can play an important role in this field.

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