Multilateral Development Banks work on sustainable transport
Rio+20 Commitment
USD 175 billion for transport in developing countries between 2012-2022
Eight Multilateral Development Banks (MDBs) have targeted to provide more than US$175 billion of loans and grants for transport in developing countries between 2012-2022. This target is included in the MDBs’ Joint Statement of 2012 as one of the 17 Voluntary Commitments on Sustainable Transport during the United Nations Conference on Sustainable Development, also known as Rio 2012 (Rio+20).