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IDB announces new commitments to road safety

All transportation projects funded by the Bank to have priority treatment; financial support for Latin NCAP extended by two years

BUENOS AIRES, Argentina – Inter-American Development Bank President Luis Alberto Moreno today renewed the IDB’s commitments to road safety and announced that road safety will be given priority treatment in all Bank-financed transportation projects. As part of the new commitments, Moreno also announced a two-year extension of IDB financial support for Latin NCAP.

Latin NCAP is a program in which the Bank participates with the International Automobile Federation (FIA) and other agencies to improve the safety of cars manufactured or sold in Latin America.

Moreno participated along with FIA president Jean Todt in the forum “Toward Safe Road Behavior.” The IDB and FIA ​​organized the forum within the framework of the United Nations’ Decade of Action for Road Safety. Also participating were Argentina’s Minister of the Interior and Transport Florencio Randazzo, Make Roads Safe campaign Global Ambassador Michelle Yeoh, and World Bank's Director for Argentina, Paraguay and Uruguay, Penelope Brook.

During his speech, Moreno outlined the Bank's efforts in the field of road safety at the global, regional, and country levels, noting that action "can quickly yield results in lower mortality rates for road accidents."

He stressed that "fortunately we have a remedy to curb road accidents" and that "some countries in our region are achieving remarkable results," although "they are not necessarily the richest countries or the ones with the largest public budgets."

In this sense, he praised Argentina and Jamaica for the progress they have made in recent years in reducing road accidents.

The forum, which analyzed the challenges of road safety to social and economic development, was attended by members of the private sector, civil society, and academia.