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Ansarullah Leader: We welcomed UN supervision of Hodeidah port, but they are liars
[20 June 2018]
President stresses on doubling efforts to face aggression escalation
[20 June 2018]
Socotra Governor visits Yemen’s Western Coast Front
[18 June 2018]
Deputy of Sanaa province paid a visit to Nehm front
[18 June 2018]
Health Ministry: humanitarian disaster will result in closure of Hodeidah port
[17 June 2018]
 
  Saudi Aggression War against Yemen
Air defenses shoot down UAE aircraft in Red Sea, crew killed
[21 June 2018]
2 vehicles of Saudi-paid mercenaries destroyed in Jawf
[21 June 2018]
Saudi spying drone shot down in Saada
[21 June 2018]
Two Saudi-led airstrikes hit Hajjah
[21 June 2018]
Dozens of Saudi-paid mercenaries killed, injured in Bayda
[20 June 2018]
 
  Reports
6 citizens killed, 2 injured in Saudi bombing over 24 hours
[20 June 2018]
Report: Army steps up missile, ground attacks against Saudi army, mercenaries several fronts
[20 June 2018]
Report: 6 citizens killed in 61 Saudi airstrikes, ground shelling on several provinces
[20 June 2018]
Yemen army attacks Saudi troops in Western coast
[20 June 2018]
Army launches attacks on coalition forces over past 24 hours: Report
[19 June 2018]
 
  International
UN Yemen envoy leaves Sanaa
[19 June 2018]
HR ministry condemns coalition arrest of 2 activists
[19 June 2018]
Foreign Minister congratulates his Icelandic counterpart on National Day
[18 June 2018]
President meets with UN Special Envoy to Yemen
[18 June 2018]
Prime Minister meets UN envoy, reviews horizon of political solution
[18 June 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, 21 Jun 2018 20:30:05 +0300