Israel is set to become the newest member of the Asian Development Bank, which finances social and economic development projects across Asia—a region where many countries (and members of the ADB) have been outspoken in their criticism of Israel’s ongoing military campaign in Gaza, and some don’t even recognize Israel’s sovereignty. [time-brightcove not-tgx=”true”] Along the hallways of the ADB’s headquarters in Manila, there have been whispers for months about the plan to welcome the multilateral institution’s 69th member, which could be formalized as soon as the coming days, according to multiple sources. Israel’s application process is “ongoing,” an ADB spokesperson tells TIME, and “a decision will be announced when the process is completed.” “Israel completed the requirements for ADB membership at the beginning of September and is looking forward to officially joining the Bank,” Ohad Niepris, a spokesperson for Israel’s Ministry of Finance, told TIME on Thursday. Four ADB employees who spoke to TIME on the condition of anonymity for fear of reprisal say that worries have been circulating among staff in recent months about Israel’s impending entry to the ADB, which was first approved in April 2022.

NEXT
Topics:  ldquo;israel   september   ohad niepris   finance   four adb   april   united nations    ldquo;a   israel,&rdquo   palestinians   inter-american development    ldquo;it   jianzhi zhao   university   exeter   governors&mdash   minister moshe kahlon   french   bruno le maire   bercy   france   the adb   article   agreement establishing   referencing   adb&mdash   mdbs   in may   adb but israel   hamas&rsquo   it&rsquo   pakistan   brunei   malaysian prime minister anwar ibrahim   zionist   israeli prime minister benjamin netanyahu   and indonesia   sources   zhao   gaza&mdash    ldquo;because   staff   adb.&rdquo   annual meeting   tbilisi   ngos   vietnam   myanmar   taliban-led   international court   justice   international criminal court    ldquo;there’s   pacific.&rdquo   asia   bank   adb   adb    israel&rsquo   adb&rsquo   time   israel   in   oct   israeli   palestinian   governors   board   the   niepris   dec   december   directors   may   adb    but   to   gaza   hamas   indonesia   malaysia   bangladesh   netanyahu   georgia   taliban   set   member   concerns   countries   extension   spokesperson   bit   military   rights   multilateral   approved   projects   months   political   prospective   country   campaign   human   requirements   tells   extensions   employee   missed   announced   public   plan   law   process   criticism   actions   part   multiple   social   unclear   economic   recognize   granted   charter   activities   condemned   years   shared   impact   power   reputation   project   states   alleged   met   year   government   afghanistan   specific   work   
BING NEWS:
  • Devex Newswire: Is IDB’s new bet the future of development bank investments?
    IDB Invest, the private sector arm of the Inter-American Development Bank, has made a new deal to free up $500 million in lending — by offloading risk to investors. Also in today’s edition: We look at ...
    10/30/2024 - 12:17 am | View Link
  • Breaking News: Erik ten Hag sacked as Manchester United Coach
    In a surprising move, Manchester United has officially announced the departure of Erik ten Hag as head coach, marking an abrupt end to his tenure with the club. Ten Hag, who was appointed in April ...
    10/28/2024 - 4:34 am | View Link
  • Japan ex-currency diplomat Kanda set to head Asian Development Bank
    Japan's former top currency diplomat Masato Kanda is poised to become the next head of the Asian Development Bank, which said on Thursday there were no other candidates.
    10/23/2024 - 10:37 pm | View Link
  • More

 

NEXT
Welcome to Wopular!

Welcome to Wopular

Wopular is an online newspaper rack, giving you a summary view of the top headlines from the top news sites.

Senh Duong (Founder)
Wopular, MWB, RottenTomatoes

Subscribe to Wopular's RSS Fan Wopular on Facebook Follow Wopular on Twitter Follow Wopular on Google Plus

MoviesWithButter : Our Sister Site

Movies With Butter More Movie News

More World News