Progress Report (2016–2018) of the MDB Working Group on Sustainable Transport
The eight multilateral development banks of the MDB Working Group on Sustainable Transport provided more than $20 billion in 2016, $22 billion in 2017, and nearly $19 billion in 2018 of new funding for more sustainable transport projects.
This means that the MDBs have provided nearly 85% of their Rio+20 Commitment target of $175 billion with 3 years left in the commitment. The MDBs are on track of meet or surpass their overall target of $175 billion over 10 years (2012–2022). This funding aims to advance sustainable transport, defined as transport that is accessible, affordable, efficient, financially sustainable, environmentally friendly, and safe.
Over the period of 2016 to 2018, a total of 565 projects (235 in 2016, 170 in 2017, 160 in 2018) were initiated by the MDBs, comprised of:
- 220 for roads;
- 148 for urban transport;
- 49 for rail;
- 44 for inland waterway and maritime projects;
- 33 for aviation; and
- 84 for other transport projects.
MDB Engagement in Road Safety Improvements
The MDB Working Group on Sustainable Transport (WGT) recognizes that road traffic deaths are on an upward trend and road safety is a major challenge. Several global actions have been taken in an attempt to address these challenges, such as the WHO Decade of Action for Road Safety 2011–2020 which has a target to stabilize and reduce the number of road traffic fatalities, and the inclusion in the Sustainable Development Goals of a global target to "by 2020 halve global deaths and injuries from road traffic accidents." To contribute to these global commitments, the MDB WGT has come up with a common agenda to reduce traffic injuries and fatalities, and is working to mobilize more and new resources for road safety, raise the road safety standards of road projects, and mainstreaming strategies for increasing road safety in their general operations with their member countries.
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 WGT are committed to reporting annually on their progress toward this commitment.
- MDB Action on Sustainable Transport: 2016 to 2018
- Special Feature: MDB Engagement in Road Safety Improvements
- Annex: Lending Projects Approved by Each MDB