The World Bank’s strategy in the transport sector, adopted in 2008, envisioned mobility solutions for developing countries that would be safer, cleaner and more affordable. Those three principles still guide the Bank’s infrastructure investments and transport policy work.
Total World Bank Group transport commitments in fiscal year 2014 (FY14) amounted to US$8.8 billion, of which US$7.3 billion for the Bank (including IBRD/IDA), US$581 million for IFC, and US$911 million for MIGA. In FY14, there were 221 active Bank projects with total net commitments of US$44.4 billion, representing 23 percent of the Bank’s total lending portfolio.
Rural and inter-urban roads remain the largest sub-sector with 42 percent of lending in FY14 (US$3.1 billion). However, the transport sector has rebalanced its portfolio with more operations in urban transport, road safety, aviation, ports, and railways, including projects that aim to improve trade competitiveness. Urban transport is a growing business for the Bank, increasing its financing share from 10 percent ($893 million) in FY11 to 19 percent (US$1.5 billion) in FY14.
To achieve greater impact and results, the World Bank Group collaborates with multiple partners to tackle global challenges.
The World Bank-led Global Road Safety Facility, for example, is working with seven other Multilateral Development Banks (MDBs) to harmonize road safety practices in client countries. The MDBs are committed to helping achieve the goals of the UN Decade of Action for Road Safety (2011–2020) which aims to save five million lives and avoid 50 million serious injuries by 2020.
The World Bank’s Africa region also hosts the Africa Transport Policy Program (SSATP) a partnership of 40 countries across all Africa (North and sub-Saharan), 8 regional economic communities, African institutions, the private sector and other development partners. Recent achievements include a framework for improving railway sector performance in Africa; guidelines for mainstreaming road safety in regional trade corridors; and transport governance indicators for sub-Saharan Africa.
Last Updated: Oct 02, 2014