World Bank Group and Japan Advance Partnership on Energy Resilience in Asia

https://www.worldbank.org/en/news/press-release/2026/10/15/world-bank-group-and-japan-advance-partnership-on-energy-resilience-in-asia BANGKOK, October 15, 2026 — The World Bank Group today announced the first project under the Dynamic Response for Invigorating Value Chains and Energy Security (DRIVE) framework, advancing its partnership with Japan to strengthen energy and supply chain resilience across Asia, attract private investment, create jobs, and support long-term economic growth. DRIVE was launched by World Bank Group President Ajay Banga and Japan’s Minister of Finance Katayama Satsuki in June 2026 to complement Japan’s US$10 billion Partnership on Wide Energy and Resources Resilience Asia (POWERR Asia). The framework brings together World Bank Group financing and expertise with Japan’s development finance capabilities to help countries respond to energy and supply chain disruptions and reduce their vulnerability to future shocks.