Transportation plays a pivotal role in the fight against poverty. Services provided by sustained investments in roads, railways, transit systems, along with ports for trade by air and water can support economic development and poverty alleviation directly, in terms of improving access and opportunities targeted to the rural poor.
Over the past decade, the World Bank, International Finance Corporation, and Multilateral Investment Guarantee Agency have committed about $50 billion for operations or guarantees in the transport sector, amounting to 12 percent of the World Bank Group’s total commitments and guarantee volumes.
|Note: For the World Bank, the total number of projects includes projects managed by the Transport Sector and by other sectors. Twenty regional projects are excluded. For IFC, five regional projects are excluded. Source: World Bank Group data.|