Quotes: US MENA   Enter Symbol: NewsLetter: Search: advanced

Saudi - World Bank seeks more Arab aid for fighting global poverty  Join our daily free Newsletter

MENAFN - Arab News - 08/01/2014
No. of Ratings : 0
Add to Mixx!



(MENAFN - Arab News) A top World Bank official has shared her sentiments with Arab Aid organizations as partners in fighting poverty in their respective countries



On the sidelines of the Arab Aid Group 73rd meeting here, Inger Andersen, World Bank Vice President for Middle East and North Africa, told Arab News in an exclusive interview that Saudi Arabia is a significant partner for its generosity in helping the poor across the globe



"Saudi Arabia is a very important partner as they are generous donor to the poor across the world. There are donors for many significant organizations, including those that are present here. And we are honored to have the privilege to that relationship with our Saudi friends.



According to the bank, there are 1.3 billion people who continue to live in extreme poverty despite massive economic leaps over the past decade

"What we do here is we look at where we put our investment to fight poverty to push prosperity to ensure that there are jobs for the young," she note



Andersen, who is leading a world bank team at the three-day event here, said: "If the concerned organizations come together with all funding that we have and hold together, we can have a much greater impact,

The Saudi Fund, the AGFUND, the IDB, the Arab Funds, Kuwait Fund and others are very active partners in the region. They are members and fund-raisers of the World Bank, she elaborated



The visiting official said that the Arab Aid meeting will discuss specific projects and programs in the Arab world and beyond to see how best we can collaborate

She said mitigating poverty is the prime goal, "but the sad part is you find poor people in many countries. So the work of this group is to help countries throughout the world in Africa, and across the Middle East and the rest of Asia.

She added: "All these organizations that are present here today have programs in all continents.

Besides poverty, she said there are natural calamities that strike many countries in the world; World Bank works with many partners, especially the United Nations to support disaster mitigation.

"Sadly the extreme weather that we have seen, for example, in Philippines recently but also elsewhere around the globe. This kind of program is most important," she added

"Together with the organizations present here today as well as the UN we are working to provide the kind of assistance that meet emergency needs and also to help countries when in times of such emergencies.

According to a recent report, the World Bank has unveiled a series of new institutional goals aimed at ending extreme poverty by 2030 and focusing on the promotion of shared prosperity, increasing the income of the poorest 40 percent in each country while placing increased focus on dealing with climate change

With an annual lending budget of around 30 billion, the Washington-based bank remains one of the world's largest development institutions

A report quoting WB President Jim Kim said people living on less than 1.25 a day stood at 43 percent of the developing world in 1990. By 2010 the figure had fallen to 21 percent

The new plan would now bring this number down to three percent by 2030. While cutting global extreme poverty levels, the first of the Millennium Development Goals (MDGs) took some 25 years to accomplish

 


Arab News




  MENA News Headlines
 Oct 26 2014 - Afghan president visits Saudi ArabiaArab News
(MENAFN - Arab News) KABUL: Afghanistan's President Ashraf Ghani Ahmadzai on Saturday made his first overseas trip since taking office fulfilling an election promise to undertake a religious ...

 Oct 26 2014 - Tens of thousands protest Renzi's job measures in RomeArab News
(MENAFN - Arab News) ROME: Tens of thousands of Italians took to the streets of Rome Saturday for a demo organized by Italy's largest trade union to protest Prime Minister Matteo Renzi's plans to ...

 Oct 26 2014 - France announces big coalition air raid against IS in IraqArab News
(MENAFN - Arab News) PARIS: The international coalition currently battling the IS group in Iraq dropped around 70 bombs on an arsenal and militant training center in a large-scale overnight raid the ...

 Oct 26 2014 - UN climate chief hails EU dealArab News
(MENAFN - Arab News) BONN: The UN's climate chief hailed a European agreement on greenhouse gases Friday as providing 'valuable momentum' for a world pact to be inked in Paris next year.The goals set ...

 Oct 26 2014 - Russia still has troops in Ukraine NATO saysArab News
(MENAFN - Arab News) MONS Belgium: Russia still has troops in eastern Ukraine and retains a very capable force on the border despite a partial withdrawal NATO's military commander said on ...

 Oct 26 2014 - Canadians seek to understand Parliament shootingArab News
(MENAFN - Arab News) OTTAWA Ontario: Authorities and ordinary Canadians sifted through confounding shards of a gunman's life seeking to understand what motivated the man to storm the nation's seat of ...

 Oct 26 2014 - French Accor expects UAE revenue to grow 10-11 percent in 2014MENAFN
(MENAFN) Accor, the French hotel group, said it is expecting a growth in revenue by 10-11 percent in the United Arab Emirates in 2014 compared to last year, and that they are targeting a growth of ...

 Oct 26 2014 - Iraq's oil exports to rise in OctoberMENAFN
(MENAFN) Iraq's oil exports from its southern terminals are maintaining their high levels, with an average of 2.55 million barrels per day (bpd), while Kurdish shipments are climbing in terms of ...

 Oct 26 2014 - Abu Dhabi int'l Airport traffic up 23.9 percent in SeptemberMENAFN
(MENAFN) Abu Dhabi Airports reported an increase in passenger traffic by 23.9 percent during September compared to the same month last year, with 1.696.651 passengers using the airport during the ...

 Oct 26 2014 - Morocco, Chad sign agreementsMENAFN
(MENAFN) Morocco announced it has signed a set of agreements and memoranda of understanding with Chad regarding several fields, QNA reported.The agreements which were signed by both countries include ...

more...


 






Google

Click to Apply

 
 

Middle East North Africa - Financial Network

MENAFN News Market Data Countries Tools Section  
 

Middle East North Africa - Financial Network
Arabic MENAFN

Main News
News By Industry
News By Country

IPO News
Islamic Finance News
Private Equity News

How-To Guides
Technology Section

Travel Section

Search News

Market Indices
Quotes & Charts

Global Indices
Arab Indices

US Markets Details

Commodoties

Oil & Energy

Currencies Cross Rates
Currencies Updates
Currency Converter

USA Stocks
Arab Stocks
 

Algeria 
Bahrain 
Egypt 
Iraq
Jordan 
Kuwait 
Lebanon
Morocco 
Oman 
Palestine
Qatar 
Saudi Arabia 
Syria
Tunisia 
UAE 
Yemen

Weather
Investment Game
Economic Calendar
Financial Glossary

My MENAFN
Portfolio Tracker

Voting

Financial Calculators

RSS Feeds [XML]

Corporate Monitor

Events

Real Estate
Submit Your Property

Arab Research
Buy a Research

Press Releases
Submit your PR

Join Newsletters


 
© 2000 menafn.com All Rights Reserved.  Terms of Service | Privacy Policy | Contact Us | Advertise | About MENAFN | Career Opportunities | Feedback | Help