Friday, March 23rd | 7 Nisan 5778


Be in the know!

Get our exclusive daily news briefing.

April 2, 2015 12:22 pm

Israel Applies to New China-led Global Investment Bank

avatar by

Email a copy of "Israel Applies to New China-led Global Investment Bank" to a friend

Chinese President Xi Jinping established the AIIB. Photo: Wikipedia. – 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.”

“Israel’s membership in the bank will open opportunities for integration of Israeli companies in various infrastructure projects, which will be financed by the bank,” the Israeli Foreign Ministry said in a statement.

The AIIB was established by Chinese President Xi Jinping in October 2014 as part of an effort to raise China’s international influence. The US has expressed concern over the Chinese-led bank and initially was opposed to its allies joining the bank, citing concerns over sufficient standards of governance and other safeguards. However, the US eventually dropped opposition after several of its allies said they were joining.

The AIIB has said it will cooperate with other major global financial institutions such as the International Monetary Fund and the Asian Development Bank.

Share this Story: Share On Facebook Share On Twitter Email This Article

Let your voice be heard!

Join the Algemeiner
  • Andries Juchter van Bergen Quast

    The USA has abused its power for so long that her allies are now saying goodbye. Even the UK.
    It’s all Obama’s fault. He is a muslim, and he has another agenda than he suggests. Because he is a liar. As is any politician.
    Concerning this AIIB Bank, i don’t trust the Chinese either. China is a dictatorship with slavery, oppression, torture, one child policy, and rampant corruption. Also, they have a huge housing and stock market bubble. And they are atheists. So they are spiritual nitwits, illiterates. And incomplete people can never ever make a right decision.
    So, the world didn’t become any safer.

    Only a really dumb person doesn’t fear the Lord.
    There are too many talking apes that don’t. But that doesn’t take away the reality of the prophecied events that are about to happen pretty soon.
    The NWO will lose and billions of people are going to die in the next couple of years here on planet earth.

    Money is the root of all evil. So if you think that a bank is going to solve the world’s problems, you’re insane.