Progress Report (2015-2016) of the MDB Working Group on Sustainable Transport

Abstract

In June 2012, at the Rio+20 United Nations (UN) Conference on Sustainable Development (hereafter Rio+20), our eight Multilateral Development Banks (MDBs) delivered a joint statement making a Commitment to Sustainable Transport (hereafter the Rio+20 Commitment). The aim was to draw attention to the critical role sustainable transport plays as an enabler of sustainable development, and to make known our intentions to support sustainable transport in developing countries in succeeding years. Building on our collective history of support for transport, the commitment outlined our expectation to provide more than $175 billion of loans and grants for transport in developing countries over the coming decade (2012-22). This funding has been increasingly supporting sustainable transport – transport that is accessible, affordable, efficient, financially sustainable, environmentally friendly, and safe.