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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The task of mayors and city leaders is no longer limited to providing efficient urban services to their citizens. Job creation is at the forefront of the economic development challenge globally.


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