Banker advocates for mining to Pope Leo XIV

The head of Latin America's leading development bank met with the Pope to discuss the potential of sustainable rare earth mineral extraction in the region. While emphasizing the economic opportunities for Latin America, he stressed the importance of safeguards related to environmental and labor standards, amidst the Vatican’s campaign for divestment from mining companies. The discussion reflects ongoing tensions between promoting resource development and addressing concerns over environmental damage and the rights of Indigenous peoples in mining areas.

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