The Organization for Economic Cooperation and Development has accepted Israel as a member nation, showing Israel's financial strength in the world markets. Israel now joins 32 other Western nations like the United States, United Kingdom, Canada, France and Japan as a member of this prestigious financial organization that provides a framework for international financial brainstorming and growth planning.
Membership in the elite, staunchly capitalist club has long been sought by Israel as a stamp of approval on its efforts to transform itself into a high-tech powerhouse that dramatically outperforms its Middle Eastern neighbors.
“The membership opens up to us access to sources of investment available only to developed economies,” said Israeli Prime Minister Benjamin Netanyahu in Paris, where the OECD welcomed Israel to its ranks. “There are global funds with enormous amounts of money that have specific amounts of money they must invest in developed economies, a category we are now included in.”
Here, U.S. Congressman Jerry Moran recognizes Israel for being admitted to the Organization for Economic Cooperation and Development (OECD):
U.S Congresswoman Shelley Berkley congratulates Israel on OECD Membership:
U.S. Florida Representative Ileana Ros-Lehtinen, Foreign Affairs Committee Ranking Member, had this to say:
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