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  Local
Civil Service Ministry declares Saturday holiday for Sept. 21 Revolution anniversary
[18 September 2018]
UN envoy leaves Sanaa
[18 September 2018]
Two mercenaries arrested in Mahweet
[18 September 2018]
Riyma deputy governor inspects flow works in Kosma schools at 2018 new School year
[17 September 2018]
Interior ministry arrests UAE-backed Spies network
[17 September 2018]
 
  Saudi Aggression War against Yemen
Ballistic missile hits Asir
[18 September 2018]
NSG spokesman denounces Saudi aggression battleships' attack on Yemeni fishers in Hodeidah
[18 September 2018]
Two citizens killed in Saudi aggression airstrikes on Hodiedah
[18 September 2018]
18 fishers killed in Saudi aggression warships shelling on Hodiedah
[18 September 2018]
Army attacks Saudi-paid mercenaries in Bayda
[18 September 2018]
 
  Reports
Reports: 21 civilizes killed in Saudi airstrikes on provinces over last 24 hours
[17 September 2018]
Report: Dozens of Saudi-paid mercenaries, invaders killed in military attacks
[16 September 2018]
Army inflicts on Saudi army, US-backed mercenaries heavy losses over 24 past hours : Report
[15 September 2018]
16 civilians killed in US-Saudi aggression crimes over 24 past hours
[15 September 2018]
Al-Shaab team wins over Al-Arouba, returns to the top of capital Sanaa Junior championship
[14 September 2018]
 
  International
FM asks Russia to stop illegal actions on Yemen's embassy in Moscow
[18 September 2018]
FM congratulates Chilean counterpart on National Day
[18 September 2018]
President discusses with UN envoy humanitarian situation in Yemen affected by Saudi-led attack
[18 September 2018]
Social Affairs Ministry, UNICEF discuss enhancing cooperation to protect children
[17 September 2018]
Florence cyclone causes torrents in east-south of U.S.
[17 September 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, 18 Sep 2018 20:34:01 +0300