World Bank and Japan Initiate RISE+ and DRIVE for Supply Chain and Energy Security
The World Bank and Japan have launched RISE+ and DRIVE initiatives to enhance supply chain resilience and energy security in developing nations, focusing on critical minerals and energy systems. These efforts aim to catalyze investment and job creation, fostering long-term economic growth.
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The World Bank and Japan have established two new initiatives: RISE+, a $20 million facility aimed at strengthening supply chains for critical minerals, and DRIVE, a framework to enhance energy security in developing countries. RISE+ will complement the existing Resilient and Inclusive Supply-Chain Enhancement partnership and is designed to mobilize public and private investments in response to growing demand for infrastructure and critical minerals.
DRIVE will assist nations in stabilizing economies and building resilient energy systems, leveraging Japan’s existing POWERR Asia framework. Both initiatives are expected to foster industrial development and job creation in the Asia-Pacific region, benefiting Japan and the global economy as well.
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