WASHINGTON (Jul. 29)
The Israel Government is now seeking to strengthen its financial and economic ties with the United States in view of the recent admission of the Jewish State to the International Monetary Fund and the International Bank for Reconstruction and Development, it was learned here today. Pinchas Saphir, director general of the Israel Ministry of Finance, who is now on a visit to this country, is holding discussions in Washington and New York on this matter, it was indicated.
Meanwhile, Israel economic expert here are observing the implementation of the farm surplus bill recently signed by President Eisenhower. The bill contains provisions potentially of benefit to Israel.
The bill provides $700, 000, 000 in sales of surplus foodstuffs to foreign countries for local currency. It also makes available $300,000, 000 in surplus foods to be given away free in time of emergency through voluntary welfare agencies. Israel conceivably would benefit along with other countries.