- Unbeliebable: White House turns Bieber petition response into immigration screed
- Obama signs law denying Iran ambassador’s visa, but says law is ‘advisory’
- Mich. judge to laughing convicted killer: ‘I hope you die in prison’
- Man charged in Kansas City-area highway shootings
- Keystone XL pipeline still on hold after State Dept. decision
- Fla. man charged with killing 16-month-old son to play Xbox undisturbed
- Drones from the deep: Pentagon develops ocean-floor attack robots
- Michigan mayor slaps back atheists’ try to erect ‘reason station’ at city hall
- PHILLIPS: Where is the conservative establishment?
- 7.5-magnitude earthquake shakes southern Mexico
LETTER TO THE EDITOR: World Bank meeting mission
Given The Washington Times’ attention to poverty and development issues, we were surprised to read the editorial “Rearranging the World Bank” (Oct. 14). Owned by 188 member countries, the World Bank works to end poverty and boost prosperity in poor countries with targeted projects in education, health, infrastructure and agriculture, among other areas. We push for economic reforms, open markets, streamlined regulations, good governance and anti-corruption measures. Our efforts to improve conditions in fragile and conflict-affected countries contribute to global, regional and by extension, U.S. security.
The World Bank’s focus on results has had real impact. In just the past decade, we’ve immunized 310 million children and provided access to water and sanitation for 177 million people. In Hungary, we’ve helped cut pollution in the Danube River Basin by more than half. Moving forward, we are leading efforts to end extreme poverty in the world by 2030, and have set an interim target of 9 percent living in extreme poverty by 2020, just seven years away, from 18 percent today.
Key branches of the World Bank Group are largely self-financing, making us a great value for the money. Our annual “Doing Business” report is a must-read for reformers around the world trying to cut bureaucratic red tape and improve business environments. Countries value our development knowledge; South Korea, for example, while no longer a borrower, is opening a new knowledge hub with us in Seoul. It is a win-win, particularly for American businesses involved in exports, to have an international finance and development institution focused on promoting global growth.
We can always do better. World Bank President Jim Yong Kim is driving change across the entire organization to up our game, and we look forward to sharing our story with your readers.
Director, The World Bank Group
TWT Video Picks
Women losing coverage under Obamacare, too
Get Breaking Alerts
- Scalia to students on high taxes: At a certain point, 'perhaps you should revolt'
- Former Ranger breaks silence on Pat Tillman death: I may have killed him
- Special Forces' suicide rates hit record levels casualties of 'hard combat'
- Feds approve powdered alcohol; 'Palcohol' available later this year
- EDITORIAL: Mark Warner running scared?
- Army goes to war with National Guard, seizes Apache attack helicopters
- EDITORIAL: More Lerner smoking-gun emails at IRS
- U.S. Navy to turn seawater into jet fuel
- Harry Reid blasts Bundy ranch supporters as 'domestic terrorists'
- 'Deport Bieber' petition draws no comment from White House