MDB Working Group on Sustainable Transport

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 that was made as the Commitment to Sustainable Transport during the United Nations Conference on Sustainable Development, also known as Rio 2012 (Rio+20).

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.