Similar Stories to Asian Development Bank Set To Welcome Israel As New Member Despite Some Staff Concerns on Bing News

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.

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