Arturo Ardila-Gomez

Global Lead for Urban Mobility and Lead Transport Economist, World Bank

The World Bank finances sustainable modes of public transport in emerging cities such as metro or BRT, as well as transport systems taking into account non-motorized transport, aiming at improving services for the population and reducing carbon footprint. The Bank offers a large range of financial instruments (loans, grants channelled to municipal budget or off-balance sheets). The condition for a direct loan to local governments is the issuance of a sovereign guarantee by National governments. In addition to financing infrastructure development, the Bank supports policy development and cities’ institutional capacities in managing municipal finance, risk assessments. Through reinforcing cities creditworthiness, the Bank facilitates fundraising of additional funding. The transportation trust funds managed by the Bank allowed to mobilize $17.5 billion contributions from several donors between 2015-2019.