Progress Report (2013-2014) of the MDB Working Group on Sustainable Transport
In the second year of the Rio+20 Commitment to Sustainable Transport, eight multilateral development banks approved $25 billion in loans and grants for transport and more than 90 technical assistance projects.
In June 2012, eight Multilateral Development Banks (MDBs) launched a Commitment to Sustainable Transport noting that they expected to provide more than $175 billion of loans and grants for sustainable transport in developing countries over the following decade. The first Progress Report (2012-2013) of the MDB Working Group on Sustainable Transport showed that they were on track to meeting their pledge.
In the second year of the Rio+20 Commitment (2013), the eight MDBs approved approximately $25 billion for transport projects. Combined with the $20 billion approved in the first year of Commitment (2012), the institutions are once again on target to meet the goal of $175 billion in support for more sustainable transport in developing countries over the ten-year commitment period.
This $25 billion in funding represented more than 200 individual approvals, including:
- 115 for roads;
- 39 for urban transport;
- 24 for rail;
- 13 for airports; and
- 5 for inland waterway and maritime projects.
In addition, more than 90 technical assistance projects were approved. These efforts seek to support policy development, research, and capacity building efforts.
Lending for sustainable transport
The Rio+20 Commitment includes a commitment to report annually on our sustainable transport-related lending. Under a common reporting framework, our institutions have made progress in assessing the sustainability of transport lending, in economic, social and environmental terms.
For 2013, four of eight MDBs have completed the assessment of the sustainability of their entire transport lending, up from two in the year before. Other MDBs have conducted sustainability assessments for a number of projects, in preparation for wider application in subsequent years.
A busy 2015
The year 2015 marks several important milestones in international processes, which are directly relevant to sustainable transport. These include completion of the Post-2015 Development Agenda, the 21st Conference of the Parties to the United Nations Framework Convention on Climate Change, and the Second Global Ministerial Conference on Road Safety to mark the mid-year of the United Nations Decade of Action on Road Safety.
The MDBs, in close coordination with our client countries and development partners, will work further in support of these processes.
The June 2012 joint statement "Commitment to Sustainable Transport" was issued at the Rio+20 United Nations Conference on Sustainable Development by the following institutions:
- African Development Bank;
- Asian Development Bank;
- CAF-Development Bank of Latin America;
- European Bank for Reconstruction and Development;
- European Investment Bank;
- Inter-American Development Bank;
- Islamic Development Bank; and
- World Bank.
The eight MDBs are committed to reporting annually on their progress toward this commitment.
This is a joint document authored by staff at the African Development Bank (AfDB), Asian Development Bank (ADB), CAF – Development Bank of Latin America (CAF), European Bank for Reconstruction and Development (EBRD), European Investment Bank (EIB), Inter-American Development Bank (IADB), Islamic Development Bank (IsDB) and the World Bank (WB).
- Executive Summary
- Background and Introduction
- Special Feature: Supporting climate-resilient, low-carbon growth
- Assessment of our collective progress on sustainable transport in 2013
- Assessment progress on sustainable transport by each MDB
- Conclusion and next steps
- Annex 1: Common approach for assessing sustainability of transport sector operations (approved in 2012)
- Annex 2: Lists of investment projects approved in 2013 by each MDB