Wahyu Dwi Anggoro
IDXChannel - The World Bank and Japan—joined by Italy, South Korea, Canada, and the United Kingdom (UK)—have launched a groundbreaking new partnership to address climate change and boost job creation.
The Resilient and Inclusive Supply-chain Enhancement—or RISE—initiative will help emerging markets and developing countries (EMDCs) increase manufacturing of clean-energy products and boost their participation in the minerals industry—leading to quality local jobs and economic growth.
Japan, Canada, Italy, South Korea and UK have pledged an initial total contribution of more than USD40 million to RISE, and more donors are expected to contribute.
Japanese Finance Minister Suzuki Shunichi and World Bank President Ajay Banga announced the partnership on Wednesday (11/10/2023) during a launch event they co-hosted at the 2023 World Bank-International Monetary Fund Annual Meetings in Marrakech.
Chile and India attended the event as representatives of prospective recipient countries and stressed the importance of this partnership.
