The World Bank Group and Japan Expand Cooperation to Strengthen Critical Minerals Supply Chains and Energy Resilience

TOKYO, June 1, 2026 — World Bank Group President Ajay Banga and Minister of Finance of Japan Satsuki Katayama today agreed to strengthen collaboration on helping developing countries build more resilient supply chains and energy systems, unlocking investment, jobs, and long-term economic growth.

They signed the document to launch the Resilient and Inclusive Supply-chain Enhancement Plus (RISE+) , and agreed on a new framework called Dynamic Response for Invigorating Value Chains and Energy Security (DRIVE). Together, these initiatives extend Japan’s existing partnerships with the World Bank Group on critical minerals and regional energy security.

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DRIVE co-finances the installation of water connections in northeastern Mozambique

Under the DRIVE scheme, the Netherlands Enterprise Agency (RVO.nl) will co-finance theDRIVE-schenkingsarrangement-Mozambique-header.jpg construction of a water treatment plant, water pipelines, water reservoirs and pumping stations near Nacala in northeastern Mozambique together with the World Bank. The drinking water company FIPAG is responsible for implementing the project.

On 30 November 2018, the Mozambique Minister of Public Works, Housing and Water Resources João Osvaldo Machatine and the Dutch deputy ambassador Michiel van der Pompe signed a DRIVE grant arrangement amounting to €21,605,000. The World Bank will contribute the same of amount of financing to the project, which will be completed in approximately three years.

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