- ‘Operation Normandy’ set to send 3,500 volunteers to border to ‘stop an invasion’
- Netanyahu’s spokesman: Safe to fly to Israel
- Oregon vandals smear cars with doughnuts, pastries, chocolate bars
- Obama’s ‘Katrina moment’ leaves his favorability factor at 42 percent
- Feds tout nearly 200 arrests, $625K in seized cash in Texas border crackdown
- Joy Behar: Sarah Palin should be ‘turning letters over on some game show’
- Rhino poacher in South Africa sentenced to 77 years in jail
- John Kerry defies FAA and flies to Israel to talk peace
- Beretta leaves Maryland over gun laws, heads for Tennessee
- Neal Boortz defends Hillary Clinton for representing child rapist
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
Retailer pays a price for getting too close to Obama
Get Breaking Alerts
- CARSON: Costco and the perils of mixing politics and business
- David Perdue defeats Jack Kingston in Georgia Republican Senate primary runoff
- IRS seeks help destroying another 3,200 computer hard drives
- Beretta moving to Tennessee over Maryland gun laws
- D.C. appeals panel deals big blow to Obamacare subsidies
- 'Straight White Guy Festival' supposedly set for Ohio park
- HURT: The cost of 'free' water in Detroit
- EDITORIAL: Obamacare in intensive care
- Pentagon team dispatched to Ukraine amid crisis with Russia
- Contrasting judgments on Obama's health care hours apart; appeals court calls subsidies unlawful