About World Bank
Established in 1944, the World Bank provides financial and technical assistance to developing countries around the world, through partnerships to reduce poverty and support development. The World Bank Group comprises five institutions managed by their member countries.
In line with UN’s 2030 Agenda, the World Bank has two objectives: end extreme poverty by decreasing the percentage of people living on less than $1.25 a day to no more than 3%; and promote shared prosperity by fostering the income growth of the bottom 40% for every country. Reducing road related injuries and fatalities is a key component of achieving these goals.
The World Bank is a long time supporter of road safety initiatives, and fosters partnerships around the world to develop and implement projects, which increase education and awareness, improve legislation and enforcement, and research contributions to global expertise on road safety.
The World Bank also hosts the Global Road Safety Facility. The global partnership program was established to address the growing road safety crisis, by providing funding, knowledge, and technical assistance to the transport sector, and to leverage road safety investments.
Executive Committee Yes
World Bank and Road Safety
The Global Road Safety Facility (GRSF), a global partnership program administered by the World Bank, was established in 2006 with a mission to help address the growing crisis of road traffic deaths and injuries in low and middle-income countries (LMICs). GRSF provides funding, knowledge, and technical assistance designed to leverage road safety investments in existing transport operations and scale-up the efforts of LMICs to build their scientific, technological and managerial capacities.