The Multilateral Development Banks (MDBs) have issued a statement recognising the importance of working together to help build diversified, resilient and responsible critical minerals to manufacturing value chains, in order to scale up support for clean, affordable and reliable energy access, as well as the digital and economic transformation of their client countries.

The statement was produced by the African Development Bank Group, Asian Development Bank, European Bank for Reconstruction and Development, European Investment Bank, Inter-American Development Bank and the World Bank Group.

The MDBs will work with governments, the private sector, workers and communities to foster transparent, standards-based markets, to add value beyond extraction, and to mobilise capital at scale for projects that meet their respective development goals and environmental, social and governance standards.