More support needed to halve road fatalities
Seven members of the Multilateral Development Banks (MDBs) committed USD 3.6 billion for road safety initiatives in developing countries during the period 2018-2022. Among the initiatives were three standalone road safety projects - in Bangladesh (World Bank), India (Asian Development Bank and World Bank), and Romania (European Investment Bank).
These commitments come in response to a global health crisis that kills 1.35 million people on the world’s roads every year. 93% of these fatalities occur in developing countries.
Despite these sizable contributions, a minimum of USD 200 billion in additional financing is required to achieve the UN’s goal of halving road fatalities in low- and middle-income countries by 2030, the European Investment Bank (EIB) said. (ben)