Article source
Reuters
Article date
Sun, Sep 15, 2013
The World Bank, faced with a tight budget and greater competition for development funds, aims to become more selective in its lending, focusing on fragile states, sub-Saharan Africa, South Asia and other areas where it can have the greatest impact, according to a draft strategy paper obtained by Reuters.
The 42-page paper, presented to the bank's executive board last week, is the first major strategic review under World Bank President Jim Yong Kim.
It offers the first concrete details of how the World Bank plans to fulfill his twin goals of eliminating extreme poverty by 2030 and boosting the incomes of the poorest 40 percent of the population in each country.