Progress Report (2015-2016) of the MDB Working Group on Sustainable Transport
The eight multilateral development banks of the MDB Working Group on Sustainable Transport provided about $23 billion of new funding for sustainable transport projects in 2015.
This is in addition to the $20 billion approved in the first year of Commitment of the eight multilateral development banks, referred to as the MDB Working Group on Sustainable Transport (MDB WGST), as well as the $25 billion approved in 2013 and $20 billion approved in 2014. The MDB WGST is on target to meet the goal of the Commitment, which is to provide more than $175 billion of loans and grants for transport in developing countries from 2012 to 2022.
In 2015, the $23 billion in funding included over 229 project approvals, comprised of:
- 89 for roads;
- 51 for urban transport;
- 16 for rail;
- 12 for airports;
- 13 for inland waterway and maritime projects; and
- 48 for other transport projects
In addition, the MDBs approved more than 251 technical assistance projects to support policy development, research, and capacity building.
Scaling up climate finance
In addition to the Rio+20 Commitment, the MDB WGST is scaling up climate finance for sustainable transport to help address the global climate change challenge. In 2015, about $6.16 billion of financing (from six MDBs) in the transport sector supported climate adaptation and low-carbon transport projects. Moving forward, the MDBs will continue to be active partners in promoting climate-resilient and low-carbon transport, and will also continue to increase transport-related investments that help achieve the Sustainable Development Goals.
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 of the MDB Working Group on Sustainable Transport are committed to reporting annually on their progress toward this commitment.
- Executive Summary
- Background and Introduction
- Special Feature: Scaling Up Climate Finance for Sustainable Transport
- Our Approach to Assessing the Sustainability of Transport Sector Operations
- Assessment of Our Collective Progress on Sustainable Transport In 2015
- Assessment of Each MDB’s Progress on Sustainable Transport
- Conclusion and Next Steps
- Annex: Lists of Projects Approved In 2015 by Each MDB