Following is a list of economic related international organizations which Israel is a member of. Click desired organization name for more information and links.
World Bank Group
The International Bank for Reconstruction and Development (IBRD)
The International Bank for Reconstruction and Development was founded in 1944 to help Europe recover from the devastation of World War Two. It is one of the five institutions that make up the World Bank Group. The IRBD works with low and middle-income countries to promote a number of things including: sustainable, equitable and job creating growth, poverty reduction and addressing issues of both regional and global importance. Israel joined on July 12, 1954.
The International Development Association (IDA)
The International Development Association (IDA) was started in 1960 with the aim of reducing poverty by providing interest-free credit and grants. These funds were intended for programs that boost economic growth, reduce inequalities and improve people’s living conditions. The IDA complements the IBRD.
Israel is a Part II member of the IDA meaning it makes financial contributions and maintains voting rights. Israel joined IDA on December 22, 1960. From the years 1998-2011 the capital contribution of Israel was 266 million NIS.
The Multilateral Investment Guarantee Agency (MIGA)
The Multilateral Investment Guarantee Agency (MIGA) is part of the World Bank Group and was created in 1988. It aims at promoting foreign direct investment (FDI) in developing countries. It does this by providing political risk insurance (guarantees) to the private sector. Any company which is registered in a member country may apply for a guarantee for a developing country.
Israel joined MIGA on May 21, 1992.
The International Finance Corporation (IFC)
The International Finance Corporation (IFC) was established in 1956 and aims at creating opportunities for people to escape poverty and better their lives. It promotes open and competitive markets, supports companies, helps generate productive jobs, and mobilizes other sources of finance in developing countries. The IFC provides loans to the private sector only in order to achieve its goals.
Israel joined on September 26, 1956, and is a donor country. It provides technical and advisory assistance.
European Bank for Reconstruction and Development (EBRD)
The European Bank for Reconstruction and Development was started in 1991 in order to invest funds in the region and help countries develop. The bank is owned by its 61 member countries as well as the European Union and European Investment Bank. Each country/organization invests funds in order to create projects in lower income countries.
Israel is a founding member of the bank and joined on March 3, 1990 with a capital subscription of €136.56 million. It currently has a 0.65% capital share and a representative on the Board of Governors (alternate governor).
In 1992 Israel established a technical cooperation fund (TC) which has supported projects throughout central Asia and Eastern Europe. In 2010 the Ministry of Industry, Trade and Labor renewed its support for this fund.
The Inter-American Development Bank (IADB)
The Inter-American Development Bank (IADB) was started in 1959 in order to support the efforts of Latin and Caribbean countries to reduce poverty and inequality.
Israel is a non-borrowing member; it provides capital and in return gains voting representation on the Bank’s Board of Governors and Board of Executive Directors. Israel is a member of the Inter-American Investment Corporation. Israel joined the organization on March 28, 1976.
The World Trade Organization (WTO)
The World Trade Organization (WTO) was established on January 1, 1995. It is the only international organization dealing with the rules of trade. It is comprised of WTO agreements which are negotiated and signed by the majority of the world’s trading nations. The WTO replaced the General Agreement on Tariffs and Trade (GATT) which was created in 1949.
Israel joined the WTO on April 21, 1995. Israel is a member of the G-10 negotiating group and Friends of A and D Negotiations (anti-dumping) negotiating group.
The Bank for International Settlements (BIS)
The Bank for International Settlements (BIS) serves as a bank for central bankers. Israel has long held observer status and was offered membership in June 2003. This offer of membership recognized Israel’s economic development and advancement. Israel became a full member on September 30, 2003.
The BIS provides a forum in which the Bank of Israel (BoI) can publish information on the Israeli economy and monetary and fiscal policies. Within recent years this has been an asset for the international community because of the BoI’s sound policies in a time of financial unrest.
Within the BIS Israel is a member of the Irving Fisher Committee (IFC) on Central Bank Statistics. This body promotes the discussion of statistical issues relating to economic, monetary and fiscal stability. The IFC strengthens the relationship between the compilers of statistics and the community of users.
International Trade Union Confederation (ITUC)
In 2006 the International Trade Union Confederation (ITUC) was created. It drew its member from the International Confederation of Free Trade Unions (ICFTU) and the World Confederation of Labour which both dissolved to make way for the ITUC. The ITUC seeks to represent working people worldwide.
Israel is one of the 151 member countries and territories of this organization.
The World Customs Organization (WCO)
The World Customs Organization (WCO) was established in 1952 and adopted its name in 1994 after years of conventions between member countries. WCO is an intergovernmental organization focused on customs matters.
Israel is a member of the WCO.
The International Maritime Organization (IMO)
The International Maritime Organization (IMO) was created in 1948. It is responsible for the safety and security of shipping and the prevention of maritime pollution by ships.
Israel joined the organization in 1948.
International Civil Aviation Organization (ICAO)
The ICAO was created out of a conference held in Chicago in November 1944. Israel ratified the treaty in 1949.
For a full list of Civil Aviation Treaties Israel is signatory to see:
United Nations (UN)
The United Nations Conference on Trade and Development (UNCTAD)
The United Nations Conference on Trade and Development (UNCTAD) was established in 1964. It promotes the integration of developing countries into the world economy.
Israel is a member of the conference and also sits on the Trade and Development Board.
The United National Industrial Development Organization (UNIDO)
The United National Industrial Development Organization (UNIDO) became a UN agency in 1966. It promotes industrial development for poverty reduction, inclusive globalization and environmental sustainability.
Israel was accepted for membership on November 15, 1983 and entered into UNIDO on June 21, 1985.
The United Nations Economic Commission for Europe
The United Nations Economic Commission for Europe was set up in 1947. It is one of the 5 regional commissions of the United Nations. It’s major aim is to promote pan-European economic integration.
Israel became a temporary member on July 26, 1991.
The United Nations Development Programme (UNDP)
UNDP is based on the merging of the United Nations Expanded Programme of Technical Assistance, created in 1949, and the United Nations Special Fund, established in 1958. UNDP, as we know it now, was established from these two entities in 1965 by the General Assembly of the United Nations.
The UNDP advocates for change and connects countries to knowledge, experience and resources. It aims at helping people build a better life.
Israel is a contributing country to the fund. In 2005 it pledged $25 million to help clean up the evacuated settlements in Gaza. It also contributes to the Peace building Fund.
The Food and Agricultural Organization of the United Nations (FAO)
The Food and Agricultural Organization of the United Nations (FAO) seeks to defeat hunger, and provides a forum where countries can meet to discuss policy and negotiate agreements. It is a United Nations body.
Israel joined the FAO on November 23, 1949. Since the late 1950s it has provided information, training and technical support for other countries. The main areas of interest include irrigation, livestock production, growing and post-harvest care of vegetables and fruits, aquacultures, farm management, grain storage, soil conservation, forestry and agri-business enterprises.
Israel is particularly interested in fighting desertification.
United Nations (UN) Agencies
The International Labour Organization (ILO)
The ILO was created in 1919 as part of the Treaty of Versailles at the end of World War I. It is responsible for drawing up and overseeing international labour standards. It is a ‘tripartite’ United National agency that brings together government, employers and workers.
Shortly after becoming a state Israel turned to the ILO for help in drafting labour laws. Israel continues to be a member of the ILO.
The World Intellectual Property Organization (WIPO)
The World Intellectual Property Organization is a specialized United Nations agency. It was established by the WIPO Convention in 1967. It promotes intellectual property throughout the world through cooperation and collaboration.
Israel signed the WIPO Convention and it came into force on April 26, 1970. For a full list of conventions and treaties Israel is signatory to, see below.
The International Atomic Energy Agency (IAEA)
The International Atomic Energy Agency was formed in 1957 to promote safe, secure and peaceful nuclear technologies. It is in the United Nations family but is a separate agency.
Israel joined in 1957 at the agency’s inception. There are a number of themes Israel is interested in promoting including the use of nuclear technology for civilian uses.
See more information on Israel’s current projects and resources and her stance on current IAEA issues below:
The International Telecommunications Union (ITU)
The International Telecommunications Union was created 145 years ago. On January 1, 1949 it became a specialized UN agency. It works on issues of telecommunications and addresses the current global challenges.
Israel became a member on June 24, 1948.
The International Fund for Agriculture Development (IFAD)
The International Fund for Agriculture Development (IFAD) was established as an international financial institute in 1977. The fund works on eradicating rural poverty in developing countries.
Israel joined on January 10, 1978 and is a list C2 member.
United Nations World Tourism Organization (UNWTO)
The UNWTO is a specialized UN agency; it has a long history but held its first General Assembly in 1970. It serves as a forum for tourism policy issues and a practical source of tourism know-how.
Israel became a member in 1975.