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Israel Government Seeks $88,000,000 from U.S. in Food and Loans

The Israel Government has applied to the United States for $88,000,000 in aid in the form of surplus food, direct loans and counterpart funds, a spokesman for the Israel Treasury announced here today.

The spokesman said that the U.S. had been asked for $45, 000, 000 worth of surplus agricultural products, a $25, 000, 000 loan from the United States Development Fund and $18, 000, 000 in counterpart funds from the U. S. Export-Import Bank. An agreement for the last grant, to be used for industrial development, is expected to be signed within a few days.

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