IDB Head Meets Pope Leo XIV to Discuss Rare Earth Mining in Latin America
Ilan Goldfajn, head of the Inter-American Development Bank, met privately with Pope Leo XIV on Friday to discuss rare earth mining in Latin America. Goldfajn argued that rare earth mining can be conducted without repeating past harms to support technological demand and contends that responsible mining can benefit Latin America if safeguards are in place and value is added locally. The Vatican has取
Ilan Goldfajn, head of the Inter-American Development Bank, met privately with Pope Leo XIV on Friday to discuss rare earth mining in Latin America. Goldfajn argued that rare earth mining can be conducted without repeating past harms to support technological demand and contends that responsible mining can benefit Latin America if safeguards are in place and value is added locally. The Vatican has taken a firm stand against multinational mining corporations, especially in Latin America, and has called for divestment from the mining industry. The Vatican favors Indigenous peoples in the context of mining in Latin America. Goldfajn’s proposal faces resistance due to Vatican opposition. His visit followed an earlier visit by mining executives earlier this year. According to accessnorthga.com, the Inter-American Development Bank has a $4 billion pipeline of mineral projects, mostly in Chile, Argentina, and Brazil.
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