Rabin Asks Business World to Assist in Peace Process

Addressing a meeting this week of the largest regional back in the world, Prime Minister Yitzhak Rabin called on the world business community to assist in the Middle East peace process.

Rabin, speaking to more than 2,500 leading bankers and businesspeople attending the annual meeting of the Inter-American Development Bank, thanked the organization for choosing Jerusalem as the venue for the meeting.

“In the name of the government and people of Israel, we look at your decision as a sign of recognition of the changes that have taken place in the Middle East,” Rabin told the gathering.

Many of the member countries represented by the bank do not recognize Jerusalem as the capital of Israel.

During the session, Jacob Frenkel, governor of the Bank of Israel, was elected chairman of the board of the development bank.

Israel has been a member of the bank since 1976.

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