World Bank targets $19 billion in critical minerals financing over five years

The Economic Times reports that World Bank President Ajay Banga set a target to quintuple the lender’s critical minerals business in five years. The plan calls for $19 billion in financing during fiscal 2026–2030, compared with $3.6 billion in fiscal 2021–2025. Banga said potential partnerships with 20 countries would aim to help mineral-producing economies keep more jobs and economic value at home.