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12 May 2026 INTERNATIONAL

The Asian Development Bank (ADB) has launched the Critical Minerals-to-Manufacturing (CMM) Financing Partnership Facility during the 59th Annual Meeting (AM) of the Board of Governors in Samarkand, Uzbekistan.

The facility includes a Grant Window (CMM Trust Fund) for early stage project preparation, supported by initial contributions of $20 million from Japan and $1.6 million from the UK. Additionally, a Catalytic Finance Window has been established for co-financing, with Korea Eximbank and the Korea Trade Insurance Corporation (K-SURE) signing initial memoranda worth $500 million as partners.

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