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  Local
Court in capital begins hearings on two people accused of raping, killing child
[11 December 2018]
Industry Ministry carries out price control campaign in Sanaa
[11 December 2018]
Court in Ibb sentences rapist, murderer of child to death
[11 December 2018]
Protest vigil in Hodeidah denounces aggression crime against civilians
[10 December 2018]
PM affirms importance of National Strategy on awareness to deter aggression
[10 December 2018]
 
  Saudi Aggression War against Yemen
Army foils saudi-led mercenaries' infiltration in Nihem district
[11 December 2018]
Army foils saudi-led mercenaries' infiltration in Bayda
[11 December 2018]
Engineers Syndicate's members protest in front of U.N. Office to condemn aggression' crimes
[11 December 2018]
Footage shows army foiling saudi-led mercenaries' infiltration in Nihem
[11 December 2018]
Army foils saudi-led mercenaries' infiltration in Najran
[10 December 2018]
 
  Reports
Army inflicts on saudi-led mercenaries heavy losses over past hours : Report
[11 December 2018]
Woman, chilled wounded in aggression Coalition forces attacks on residential areas in provinces
[10 December 2018]
Woman killed, others civilans injured in saudi-led coalition's bombardment on Hodeida, Saada
[07 December 2018]
Army inflicts on saudi-led mercenaries heavy losses over 24 past hours : Report
[07 December 2018]
US-Saudi aggression coalition kills, injuries several citizens' properties in various provinces : Report
[05 December 2018]
 
  International
Israeli settlers storm Beitin village east of Ramallah
[11 December 2018]
It is in Europe's interest to maintain the nuclear agreement with Iran : Mugherini
[11 December 2018]
Seoul, Washington hold talks on defense cost sharing
[11 December 2018]
British PM announces postponement of vote on Brexit deal scheduled for tomorrow
[11 December 2018]
Two people killed, dozens injured in a fire in northeastern Italy
[11 December 2018]
  Reports
WB plans $400 million reduction in annual administrative costs
[11/October/2013]
By Fuad Rajeh

Washington, Oct. 11 (Saba)--World Bank Group President Jim Yong Kim on Friday further highlighted the strategy to meet the twin goals of reducing extreme poverty by 2030 with a special focus on changes to the WB's priorities in next years.

The potential changes will include a $400 million reduction in annual administrative costs and reinvesting in these savings over the next three years as well as exploring new ways to grow revenue to better serve the group's clients.

"If we have high aspirations for the poor, if our work is to be aligned with our goals, we must be as efficient and focused as possible,” he said.

Furthermore, Kim announced a new initiative to provide universal financial access to all working-age adults by 2020.

Kim's remarks were given at the plenary of the World Bank/International Monetary Fund Annual Meetings.

"For all the people living in extreme poverty, 400 million are children. What more motivation do we need to accelerate progress toward the goal of ending extreme poverty by 2030? How can we in good conscience not do all we can lift 400 million children, their families, and hundreds of millions of others out of poverty and into a life of opportunity?’’

This week, the WB said there are around one billion people living in exereme poverty including 400 million childrenin coinciding with the statement of Kim to reduce pverty to 9 percent by 2020.
“If we are going to be on the path of reaching 3 percent of population living in extreme poverty by 2030, we must get to 9 percent by 2020,” said Kim.

Also, Kim revealed the formation of a “Presidential Delivery Unit” which will focus on the Bank Group’s performance as an institution and to share data and lessons across the institution and with the rest of the world and the ultimate goal from this will be to assess the success of WB-financed projects.


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UPDATED ON : Tue, 11 Dec 2018 13:50:47 +0300