Landmark Minerals Security Partnership Finance Network Established for Critical Minerals Projects

(JD Supra, Sausalito, 5 November 2024) The Minerals Security Partnership Finance Network (MSPFN), a joint financing body, was announced by the United States, the European Commission, the United Kingdom, Canada, Japan, Australia, and nine other nations on 23 September 2024 at the United Nations General Assembly in New York. The new financing initiative aims to enhance collaboration amongst export credit agency and development finance institutions to support financing for critical mineral projects. The MSPFN is a US-led financing initiative that stems from the Minerals Security Partnership (MSP); a framework established in 2022 by 14 governments and the European Commission to advance, diversify, secure, and sustain supply chains for CMs. The MSPFN was created to strengthen cooperation and promote information exchange and co-financing among participating institutions.