Friday, April 3, 2015

Israel Applies to New China-led Global Investment Bank

JNS.OR - April 2, 2015

Israeli Prime Minister Benjamin Netanyahu has signed a letter of application to join the new China-led Asian Infrastructure Investment Bank (AIIB).
Israel seeks to join roughly 40 countries, including several Western and Asian allies such as the UK, Germany, France, Italy, Australia, New Zealand, Singapore Korea, Switzerland and Denmark, as founding members of the bank. The US and Japan have not applied for membership.
Israel’s Foreign Ministry said that the country’s application to the bank highlights the importance of Israel “joining major Asian organizations on the continent.”