- ISIL creates all-female brigade to terrorize women into following Sharia law
- ISTOOK: Obama wants to be impeached
- Obama to Latin leaders: Help with border
- Military bans troops from Baptist church event honoring ‘God’s Rescue Squad’
- ‘Pocket drones’: U.S. Army developing tiny surveillance tools for the next big war
- Belgian cafe posts sign: Dogs allowed, but Jews stay out
- Gen. Dempsey: Pentagon studying Russian readiness plans not viewed ‘for 20 years’
- John McCain: Botched, two-hour execution of murderer is ‘torture’
- House GOP ready to move border bill
- Bomb squad called after live WWII artillery washes on Cape Cod beach
LETTER TO THE EDITOR: World Bank meeting mission
Question of the Day
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
By Mark Davis
The nation founders, the Lone Star State thrives
Get Breaking Alerts
- Rahm Emanuel: Send illegal immigrant shelter kids to Chicago
- 'Pocket drones': U.S. Army developing tiny spies for the next big war
- Tactical advantage: Russian military shows off impressive new gear
- CURL: Obama, staffers not even pretending any more
- Pentagon running out of time to find mass of missing weapons in Afghanistan
- Family of Marine killed in Afghanistan pushes back against cover-up
- NAPOLITANO: What if our democracy is a fraud?
- Military bans troops from Baptist church event honoring 'God's Rescue Squad'
- WEST: Those who would rather join the jihadi army than their own nation's army
- Obama orders Pentagon advisers to Ukraine