Paving the way for sustainable transport
The eight Multilateral Development Banks (MDB) that committed themselves to supporting sustainable transport in 2012, are making progress. In 2013 alone, the MDB approved more than USD 25 billion for transport projects, according to a joint report. That funding represented more than 200 approvals.
Combined with the USD 20 billion approved in the first year of the MDB’s Rio+20 commitments, the institutions are on target to meet their goal of USD 175 billion in support for more sustainable transport in developing countries over the ten year commitment period (2012-2022). (ben)