Israel invests in the countries that support it.
By: World Israel News Staff
Prime Minister Benjamin Netanyahu has plans to launch a fund that will invest $50 million in developing countries that support Israel, Israel’s Channel 2 news reported Wednesday.
According to the report, the fund, named “50 on 50,” will distribute $50 million in Israeli funds among 50 countries.
Each country will receive aid in the areas it requires, including technology, water treatment and agriculture.
The Foreign Ministry, which will oversee the project, has reportedly mapped out potential countries for aid, from Africa to Eastern Europe and Asia, the report said.
The Prime Minister’s Office told Channel 2 that the fund is a relatively minor investment that could yield a major shift in support for Israel, especially at the United Nations, in the coming decade.