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Source: The post is based on the article “RISE Initiative: World Bank and Japan collaborate to boost mineral investments and clean energy jobs for developing countries” published in “The Print” on 14th October 2023
What is the News?
The World Bank has partnered with several countries to launch the Resilient and Inclusive Supply-chain Enhancement(RISE) initiative.
What is the RISE Initiative?
Launched by: World Bank in partnership with Japan, Italy, Republic of Korea, Canada and United Kingdom
Aim: To deal with two important problems: creating jobs and addressing climate change.
Focus: 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.
– This effort is expected to stimulate economic growth and generate quality local jobs, ultimately contributing to poverty alleviation.
Funding: The initiative has received substantial financial support from Japan, Canada, Italy, the Republic of Korea, and the United Kingdom
