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  Local
HR minister, Hodeidah governor inspect humanitarian situation
[20 February 2018]
Interior ministry to complete integrating popular committees into security facilities
[20 February 2018]
Prime Minster mourns al-Shatri's death
[19 February 2018]
Occupiers’ attempts to clone military institutions are futile: President
[18 February 2018]
15 Passengers Killed, 3 Injured In Traffic Accident In Sanaa
[18 February 2018]
 
  Saudi Aggression War against Yemen
Saudi airstrike hit UAE armored vehicles in Taiz
[21 February 2018]
Army shells Saudi soldiers’ gatherings, vehicles in Jizan
[21 February 2018]
15 civilians killed in air strike on Saada
[21 February 2018]
Army’s snipers kill 5 Saudi-paid mercenaries in Marib
[21 February 2018]
Aggression airstrike waged on Hodeidah
[21 February 2018]
 
  Reports
Report: Army attacks against Saudi troops over 24 hours
[22 February 2018]
Report: 15 civilians killed in 28 coalition airstrikes over past 24 hours
[22 February 2018]
Report: 43 Saudi-led airstrikes hit Yemen on Tuesday
[21 February 2018]
Report: Army wages offensives on Saudi enemy’s gatherings in Tuesday
[21 February 2018]
Report: Army kills, wounds Saudi soldiers, mercenaries on Monday
[20 February 2018]
 
  International
HR ministry condemns Saudi war crimes on Saada
[20 February 2018]
FM sends condolences to Iranian counterpart over plane crash
[20 February 2018]
Yemen condemns Saudi Shura council member inciting to violence
[18 February 2018]
Yemen welcomes new UN envoy
[17 February 2018]
FM meets UN official
[14 February 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 : Thu, 22 Feb 2018 21:13:53 +0300