Progress Report (2012-2013) of the MDB Working Group on Sustainable Transport
African Development Bank (AfDB); Asian Development Bank (ADB); Development Bank of Latin America (CAF); European Bank for Reconstruction and Development (EBRD); European Investment Bank (EIB); Inter-American Development Bank (IDB); Islamic Development Bank (IDB); World Bank (WB)
In June 2012, at the Rio+20 United Nations Conference on Sustainable Development (hereafter Rio+20), our eight institutions delivered the joint statement "Commitment to Sustainable Transport" (hereafter the Rio+20 Commitment). In the Rio+20 Commitment, it was announced that we expect to provide more than $175 billion of loans and grants for transport in developing countries over the coming decade, and that this support will be increasingly oriented towards sustainable transport. Recognizing the need for a results-based approach to supporting sustainable transport, we also committed ourselves to introducing annual reporting on our sustainable transport related lending and to developing common arrangements for this purpose. Since Rio+20, our multilateral development banks (MDBs) have taken several major steps to operationalize the Rio+20 Commitment. The first year of our Commitment focused primarily on: 1. Concretizing the working arrangements, 2. Developing a common framework for monitoring and reporting, and 3. Initiating work to monitor the sustainability of our transport operations. This report provides only a quick snapshot of our activities in 2012 ¿ the first year of our 10 year Commitment. This is the first time that our eight MDBs are reporting collectively on our work in the transport sector. As such, the assessment of our transport operations contained in this report is very much a work in progress, and should be considered as such.