In the third year of the Multilateral Development Banks’1 (MDBs) Joint Statement of 2012, our eight MDBs are on target to meet the goal of the Commitment to Sustainable Transport (hereafter the Rio+20 Commitment) to provide more than $175 billion of loans and grants for transport in developing countries over the coming decade (2012-2022). Collectively, in 2014, about $20 billion of new funding for transport projects was added to the $20 billion approved in the first year of our Commitment (2012) and $25 billion approved in 2013.