Asian Development Bank (ADB) Launches Critical Minerals-to-Manufacturing Financing Partnership Facility

Key facts

• The Asian Development Bank (ADB) launched the Critical Minerals-to-Manufacturing Financing Partnership Facility to secure supply chains for clean energy, batteries, electric vehicles, and digital technology.
• The Government of Japan committed USD 20 million and the Government of the United Kingdom contributed USD 1.6 million to the grant window for early-stage project work and technical assistance.
• Korea Eximbank and the Korean Trade Insurance Corporation (K-SURE) signed memorandums of USD 500 million each to provide cofinancing and risk-sharing under the catalytic finance window.
• The ADB is currently supporting battery manufacturing and recycling in India, geological data mapping in Mongolia, and regulatory reforms in the Philippines as part of its regional value chain strategy.
• The bank established a Critical Minerals Database to track supply chain information and improve policy coordination while ensuring projects adhere to strict environmental and social requirements.