The Organization for Economic Cooperation and Development (OECD) has accepted Israel as a member nation. This clearly signals 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. OECD provides a framework for international financial brainstorming and growth planning.
Membership Has Its Privileges
Israel has been seeking membership into this staunchly capitalist club as a stamp of approval. This follows Israel's 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 at the announcement in Paris. “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.”
US Lawmakers Respond
U.S. Congressman Jerry Moran recognizes Israel for being admitted to the OECD
U.S Congresswoman Shelley Berkley congratulates Israel on OECD Membership
Remarks by U.S. Florida Representative Ileana Ros-Lehtinen, Foreign Affairs Committee Ranking Member