Israel Becomes 69th Member Country of the Asian Development Bank. International | Dated: 01 Nov 2024 Israel has officially become the 69th member and 20th non-regional member of the Asian Development Bank (ADB) effective 27th September 2024, after meeting all membership requirements. 🎯 Key Highlights: - Israeli Finance Minister Bezalel Smotrich will represent Israel at the ADB. - To become an ADB member, a country must be part of the United Nations Economic and Social Commission for Asia and the Pacific (UNESCAP) or be a non-regional developed country. 💡 Other Important Facts: (i) Israel submitted its formal application for ADB membership in January 2022. (ii) The ADB Board of Governors approved Israel's membership on 14th April 2022 through Resolution no. 414: "Membership of Israel and Increase in Authorized Capital Stock." (iii) By joining the ADB, Israel seeks to strengthen its influence in Asia and enhance strategic ties and trade relationships. 📚 Test Your Knowledge: Recently, which country became the 69th member of the Asian Development Bank (ADB)? Correct Answer: Israel 🚀 Quick Recap: About Israel President- Isaac Herzog Capital- Jerusalem