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First Progress Report (2012–2013) of the MDB Working Group on Sustainable Transport

In June 2012, eight Multilateral Development Banks (MDBs) – World Bank (WB), Asian Development Bank (ADB), African Development Bank (AfDB), European Bank for Reconstruction and Development (EBRD), European Investment Bank (EIB), Inter-American Development Bank (IADB),  CAF – Development Bank of Latin America (CAF) and Islamic Development Bank (ISDB) – launched a Commitment to Sustainable Transport noting that they expected to provide more than $175 billion of loans and grants for sustainable transport in developing countries over the following decade.

This first Progress Report (2012–2013) of the MDB Working Group on Sustainable Transport shows that they are on track for providing more than $175 billion of loans and grants for sustainable transport in developing countries over the next decade. This is the first time that the eight MDBs are reporting collectively on their work in the transport sector.

ebrdIn 2012, EBRD signed 31 transport transactions for a total EBRD commitment of $2.04 billion. New business was geographically diverse from an investment standpoint, ranging from large, strategic Public-Private Partnership (PPP) infrastructure projects in Russia, Turkey and Ukraine, to relatively small-scale but nevertheless important port and rural roads projects in early transition countries such as Moldova and Tajikistan, or lending for logistics equipment to the private sector. EBRD invested across all transport modes, with most financing (56%) directed to low-carbon modes such as railways (more than $700 million), sea transport and public transport. 

Full report is available at this link: http://www.ebrd.com/pages/news/press/2014/mdb-sustainable.shtml

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