Development Banks Boost Metals Support

Multilateral development banks are strengthening their efforts to support the value chains of vital minerals in developing economies, by financing processing, refining, and manufacturing operations after extraction. The new framework aims to coordinate support through funding, infrastructure, and policies to enhance local added value, create jobs, attract investments, and facilitate a transition toward a low-carbon economy. It will also focus on improving environmental and social standards, developing infrastructure related to mining, and accelerating private sector investments in the industry.

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