RISE INITIATIVE -
INTERNATIONAL RELATIONS
News: World Bank and Japan
collaborate to boost mineral investments and clean energy jobs for developing
countries
What's in the news?
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The World Bank has partnered with several countries
to launch the Resilient and Inclusive Supply-chain Enhancement (RISE)
initiative.
RISE Initiative:
Aim:
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To deal with two important problems - creating jobs and addressing climate
change.
Launched by:
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World Bank in partnership with Japan, Italy, Republic
of Korea, Canada and United Kingdom
Focus:
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The initiative will focus on assisting emerging
markets and developing countries in expanding their clean-energy production and increasing their involvement in the minerals industry.
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This effort is expected to stimulate economic
growth and generate quality local jobs, ultimately contributing to poverty
alleviation.
Funding:
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The initiative has received substantial financial support from Japan, Canada,
Italy, the Republic of Korea, and the United Kingdom.
Significance:
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The collaborative effort emphasizes the importance
of international cooperation in promoting economic growth in these countries
while strengthening clean energy and critical minerals supply chains.