How World Bank Plans To Eliminate Extreme Poverty, Boost Incomes Of Poorest By 2030

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By Anna Yukhananov

WASHINGTON, Sept 16 (Reuters) - 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.

However, the strategy paper is still vague about what exact programs the bank will cut or bolster, and how it will change its budget to reflect new priorities and falling revenue.

When asked for comment, World Bank spokesman David Theis declined to elaborate further on the plan.

Founded after World War II to help rebuild Europe, the World Bank later focused on lending money to developing countries in order to improve the lives of poor people.

The global lender is praised for its worldwide reach, stringent standards and long-term focus. But it has also been criticized for avoiding risks, delaying approval of projects, not responding enough to what countries want, and focusing more on pushing money out the door rather than program outcomes.

Kim, who came to the helm of the multilateral development institution a little over a year ago, has launched a major reorganization to change all that, driving an emphasis on flexibility, measurable impact, and evidence, or what he calls "the science of delivery."

The draft strategy acknowledges the World Bank has become less important to the growth of many middle-income countries, which can rely more on private funding and bilateral loans from emerging markets like China.

The World Bank also admits it has limited funds to tackle the needs of the developing world, where new infrastructure projects alone will require $1.5 trillion in funding a year.

Instead, the World Bank wants to reposition itself as a "solutions" bank, offering not only financing but also its knowledge of how to solve common development challenges.

"The World Bank Group's role in knowledge, convening and global advocacy has increased relative to its role in providing finance," the paper said.

Keeping the bank relevant means focusing on areas where other donors are reluctant to go, such as fragile and conflict-affected states, by 2015 home to half of the world's poorest people.

The World Bank said it also plans to use its projects and global presence to share data and promote better policies in areas like climate change.

To help address countries' needs and better coordinate development policies, the bank also plans to work more closely with other development agencies like the United Nations and with philanthropic organizations.

And it wants to promote more private-public partnerships for basic services like health, education and housing - to the consternation of some non-profit organizations that argue such programs have mixed records for helping the poor.

BUDGET CUTS

As part of the new strategy, the World Bank also plans to make some cuts to its budget. Operating in fragile states, collecting data to measure countries' progress, and ensuring a global presence have strained the bank's administrative funds.

And less lending to middle-income or stable countries also means less revenue, as the bank has made money from interest-bearing loans.

"Maintaining a minimum scale of operations is important if the World Bank Group is to influence the policy agenda and support clients in delivering effective development solutions," the paper said.

"Although the World Bank Group does not face immediate financial concerns, its financial capacity will need to be strengthened," the paper added.

The bank said it will have to be selective in what it does and make cuts to certain programs, without specifying further. It is also considering relying more on fees for advisory services and on money from trust funds, or earmarked funds from governments for specific projects.

Trust funds already account for one of every 10 dollars the bank disburses to governments, according to the paper.

The new budget will be implemented for the next fiscal year, which begins in July 2014, and may be one of the thorniest issues for the bank to resolve as it decides which departments and programs must shrink.

Changing the bank's internal culture may also pose a threat to the success of the new strategy, according to several outside analysts who reviewed the paper.

Part of the new focus means integrating the work of the bank with the activities of its private sector lending arm, the International Finance Corporation, and the Multilateral Investment Guarantee Agency, which insures investments in difficult environments.

The three agencies work with different clients and may have different approaches to specific projects, creating conflicts of interest.

The details of how the bank will change its internal organization to align with the new strategy will be presented later in an "Implementation Paper."

For now, the draft strategy will go to the governments of the World Bank's members for approval, before being formally presented during the annual meetings of the World Bank and International Monetary Fund in early October. (Reporting by Anna Yukhananov; Editing by Andrea Ricci)

Earlier on HuffPost:

'Science Selfies' Spotlight Scientists, Geeks Doing What They Love Best (PHOTOS)

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Science is all around us, and nearly everyone can get involved -- from conducting a critical lab experiment to strolling through a natural history museum to simply browsing through a book on the Big Bang.

Whether you're a science nerd or a Nobel-prize winning scientist, we wanted to highlight YOU doing or simply enjoying science. So we asked readers to share their "science selfies" -- and here are our favorites. Click through and see if you can spot the girl who caught a bat... or the guy holding a real human brain!

Please share your own science selfies by adding them to the slideshow below.

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"Catching crayfish in Scotland."

"For all of my fellow bird nerds out there!"

"When our scientists' hands are busy with science, they get some help with their #scienceselfies." Here, physicist Farid El Gabaly aligns a battery electrode sample for analysis with X-ray photoelectron spectroscopy.

Celebrating Halloween at the Griffith Observatory in Los Angeles, CA.

Junior high students experiment with fire in science class.

"I analyzed assimilable organic carbon in drinking water samples! "

A behind-the-scenes look into a quarantine area!

Posing like Einstein at the Griffith Observatory in Los Angeles, CA.

"This is how I spend my holidays, in Costa Rica catching bats +beach time in between!"

"Spent a day doing field work electrofishing for research! A brook trout we caught!"

"Me doing a basic drug extraction!!!"

"Medicine is a science, and therefore I present Jack Sexton, CRNA!"

"Talkin bout autopsies all day."

"Nearby and in the distance exploration. Somewhere, something incredible is waiting to be known. ? Carl Sagan." Taken at the Liberty Science Center.

"Love my job." At the Griffith Observatory in Los Angeles.

"Data data data data data today's data data data."

"My kiddos a few years back @ Spark!Lab in DC."

"This #realtimechem video summarizes a standard day in a synth chem lab."

"Oh hi I just extracted a human brain."

"Inside a faraday cage with a human brain."

This is what a lot of science actually looks like... "Reading/correcting the Methods chapter of my student's PhD thesis."

"Imaging my cells on the fluorescent microscope."

"This weekend was spent playing with crayfish and an ROV. The ROV before use."

Taken at the Washington University in St. Louis: "@WUSTLdbbs and @WUSTLmedschool have lots of #scienceselfies."

"I'm a bookworm, a scientist, and world traveler."

In a science classroom.

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James Franco Gay Jokes During Comedy Central's Roast Discussed On 'The Rubin Report'

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Dave Rubin of "The Rubin Report" took Comedy Central to task over the barrage of gay jokes directed at James Franco during its roast of the Academy Award-nominated actor earlier this month. (WARNING: contains graphic language)

Joining Rubin were comedian Erin Foley and producer Jayar Jackson, both of whom were critical of the event.

"This was just was another example of what happens in comedy clubs across the country -- it's just stupid straight dudes making stupid gay jokes," Foley said. "They don't know James Franco ... honestly, it's absolutely ridiculous."

Jackson minced even fewer words, noting, "Call it a written sh*t talk night rather than a roast."

For his part, Franco doesn't seem to mind the gay speculation. Last week, he told The Daily Beast: "I don’t even care if people think I’m gay, so it was like, 'Awesome!' I mean, I wish I was. … I wish I was gay."

For more on "The Rubin Report," click here.

Also on HuffPost:

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Kelly Rowland Works On Her Ab-Fab Fitness

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Kelly Rowland has one of the most enviable sets of abs in Tinseltown.

The singer, who made a body-baring splash on this month's cover of Shape, showed how she carves those muscles.

It's all thanks to trainer Jeanette Jenkins! Rowland says the trainer's star plank (which she easily executed above) is one of her favorite moves from Jenkins' latest video.

"The Hollywood Trainer" definitely gets the Destiny's Child diva's seal of approval -- the two teamed up for a workout DVD, "Sexy Abs Cardio Sculpt," which will be released Oct. 1.

Those abs are enough "Motivation" for us. We're sold, Kelly!

Also on HuffPost:

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Looking For The Bed Of Your Dreams? Think Outside The Box Spring With These Fanciful Roosts

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We all know a bed should be comfortable. But there's something else a bed should be: welcoming. At the end of a long day, when you walk into your bedroom, your heartbeat should slow as you look at this refuge from a fast-paced world. Maybe I expect too much from my bed; but, unless you're an insomniac, one-third of every day is spent in it. It should be calmingly pretty. Maybe even pretty outrageously cool, pulling you onto it, like a magic carpet ride into your dreams. At least, that's what the following beds do for their owners.

Read the whole story at www.houzz.com

Space Tourist Dennis Tito On Using Bathroom In Space: 'I Hadn't Had Toilet Training In 60 Years'

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NEW YORK – As microgravity makes even the most mundane tasks tricky, going to the bathroom in space can be a chore. How astronauts take care of that basic human necessity while in orbit has been a point of perennial fascination for the Earth-bound public.

For a moment during a Sept. 4 talk here at the Explorers Club, two of the world's first space tourists who paid their way to the International Space Station traded stories about their space toilet training, or actually the lack of training.

The Explorers Club was holding an event with former NASA astronaut Owen Garriott and his son, gaming legend Richard Garriott, perhaps best known for creating the Ultima role-playing series. They are the only American father-son team to have both gone to space. [Photos: Space Tourist Richard Garriott, an Astronaut Legacy]

While Owen Garriott flew with NASA aboard U.S. space station Skylab and the space shuttle Columbia, his son became a spaceflyer in his own right in 2008 after using his gaming fortune to buy a multimillion-dollar ticket to the space station aboard a Russian Soyuz capsule.

Adventurer and journalist Jim Clash interviewed the duo in front of a small audience and afterwards gave the night's first question to another private spaceflyer in the room: American businessman Dennis Tito.

A longtime space enthusiast, Tito made his millions in the world of finance, but was once an engineer at NASA's Jet Propulsion Laboratory. Widely considered the first space tourist, Tito paid the Russians a reported $20 million for his 2001 flight to the space station.

The younger Garriott earlier in the night said he used to look at Tito and think, "That's the guy that got my seat!" Garriott's long-held aspirations to go to space — first dashed when he learned his eyesight was below NASA standards — had to be postponed for a few years after his wealth took a hit in the dot-com crash.

A view of the toilet compartment in the Zvezda Service Module of the International Space Station (ISS).

Tito stood up to ask his question and paused before saying, "One experience that people always ask me about is, 'How do you go to the bathroom in space?'"

As the audience laughed, Owen Garriott jumped in to add: "Elementary school children, usually."

But Tito continued, saying that despite his eight months of training with the Russians, he wasn't all that prepared to go the bathroom in space.

"I guess the Russians really don't like to talk about these things — they have funny attitudes," Tito said. "So I got on board the station and the first thing that happened was Jim Voss, an American astronaut, gave me toilet trailing."

"Now, I hadn't had toilet training in 60 years," Tito added. "So I was wondering, did you get toilet training on the ground?"

Richard Garriott, who trained with the Russians, too, corroborated Tito's story.

"It is hilarious because every other system — everything except the toilet — you use the exact hardware you will use in space on the ground," Garriott said.

Garriott said he had a cheat sheet for which switches to turn on for when he needed to use the space commode, the toilet does not work the same way as it does on the ground.

"Gravity's actually really important for how to separate yourself from your waste and there's no discussion of that," Garriott said.

Richard Garriott as seen in "Man on a Mission," a film by Mike Woolf.

His father chimed in to give a perspective from the U.S. side, and discussed his training with NASA ahead of his 60-day stint in space during the Skylab 3 mission in 1973.

"We did receive proper training," the elder Garriott said. "For urination it's a very simple thing ... Urination is not a problem. Defecation is what you're concerned about."

Garriott said the Skylab astronauts used a simulator toilet mounted over a camera so that they could check their positioning on the ground before using the commode in space. All three Skylab crews out also brought home all of their waste to be examined by scientists, Garriott added, remarking that they never had a single toilet failure while in flight.

"One thing NASA did right," he quipped.

Follow Megan Gannon on Twitter and Google+. Follow us @SPACEdotcom, Facebook or Google+. Originally published on SPACE.com.

Copyright 2013 SPACE.com, a TechMediaNetwork company. All rights reserved. This material may not be published, broadcast, rewritten or redistributed. Also on HuffPost:

'The Office' Auction -- NBC Selling Show's Old Crap

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'The Office' Auction -- NBC Selling Show's Old Crap | TMZ.com window.fbAsyncInit = function() { FB.init({ //appId: '310610065699820', appId: '310610065699820', status: true, cookie: true, xfbml: true, oauth: true }); //$(document).trigger('facebookReady', FB); }; (function() { var e = document.createElement('script'); e.async = true; e.src = document.location.protocol + '//connect.facebook.net/en_US/all.js'; document.getElementById('fb-root').appendChild(e); }()); TMZ CELEBS VIDEOS PHOTOS SPORTS TV     SIGN IN STORE TOUR SIGN IN / REGISTERWhat's your email address?

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CELEBS VIDEOS PHOTOS SPORTS TV     Home'The Office' Auction -- NBC Selling Show's Old Crap 9/15/2013 12:05 AM PDT BY TMZ STAFF 'The Office' Auction
NBC Selling Show's Old Crap
In the market for some cool "Office" supplies? Well you're in luck, 'cause some of the most iconic props from the sitcom have hit the auction block ... from hats, to business cards and even a DUNDIE AWARD!!

It's all going down on eBay -- where stuff like Dwight Schrute's famous Dundie Award, the kettle drum Michael Scott used to annoy "Office" staff and Phyllis Vance's knitting set are all up for grabs.

What you won't see -- the shark that the show jumped over when Steve Carell left in 2011.

See alsoOmar Epps -- Lunch Is On Me! -- Drops $1500 For Grub TruckPaul Walker -- Attempts Coverup of Really Hot PhotosKanye West -- Finally Stoops to Ray J's Level ... Leaves Ray J Extra Crispy Get TMZ Breaking News alerts to your inbox Yes! Also send me
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div.commentvotes { *clear:right;min-width: 170px;} 1.

Cowboy Crow    

I wouldnt have it. Thats the lamest show ever.

1 day ago Reply     2 10 Clear Vote 1 RESPONSE ? Loading Replies... 2.

roger213    

I wouldn't take it if they gave it to me

1 day ago Reply     1 10 Clear Vote 3.

roger213    

GARBAGE

1 day ago Reply     1 7 Clear Vote 4.

shams    

my buddy's step-sister makes $65 an hour on the internet. She has been out of a job for 7 months but last month her check was $19660... just working on the internet for a few hours. you could check here www.buzz90.com

1 day ago Reply     1 4 Clear Vote 5.

Phreaky    

Possibly the most boring, overrated show in history.

1 day ago Reply     2 13 Clear Vote 6.

homelessdude    

i clicked on it and paula deen came up: wtf they are auctioning of poor paula, wasn't that bad to be auctioned off.

23 hours ago Reply     0 0 Clear Vote 7.

static    

Steve Carell sucks!

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