In 2016, the entrance to the Asian Development Bank’s Knowledge Management Center (Library) at the ADB headquarters in Mandaluyong City, Metro Manila, Philippines was captured in a photo by Mark Floro—ADB via Flickr. Israel is on track to join the Asian Development Bank, a multilateral institution that funds social and economic development projects in Asia. Many countries in the region, including members of the ADB, have been critical of Israel’s military actions in Gaza and some do not recognize Israel’s sovereignty.
Rumors have been circulating among staff at the ADB headquarters in Manila about Israel’s impending membership, with sources suggesting that the formal announcement could come in the following days. Israel’s application process is still ongoing, according to an ADB spokesperson, with a decision expected once the process is completed. Israel has met the requirements for ADB membership and is eager to officially join the Bank, as stated by Ohad Niepris, a spokesperson for Israel’s Ministry of Finance.
Despite concerns among ADB employees about Israel’s acceptance as a member, the move has been seen as strategically beneficial for both Israel and the ADB. Israel brings expertise in water management and other resources to the institution, which could be mutually beneficial. Efforts to include Israel in the ADB have been ongoing since 2017, with support from countries like France.
While some ADB staff members have expressed shock and concern about Israel’s membership, the ADB has emphasized its apolitical nature and adherence to economic considerations in decision-making. Prospective members must fulfill specific requirements to join the ADB, including administrative steps and paying a subscription to shares of the capital stock.
Critics have raised questions about Israel’s inclusion in the ADB, citing international law violations and alleged war crimes. The ADB has faced criticism in the past for not adequately addressing human rights concerns in its projects. Some staff members fear that Israel’s membership could impact the bank’s reputation and their work.
Israel has expressed its commitment to working with all ADB members and staff to promote sustainable development and poverty eradication in Asia and the Pacific. The full implications of Israel’s membership in the ADB are yet to be seen, but it has sparked debate and uncertainty among staff at the bank.