World Bank to Study Plans on Developing Haifa and Eilat Harbors
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World Bank to Study Plans on Developing Haifa and Eilat Harbors

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David Horowitz, governor of the Bank of Israel, disclosed here today that the World Bank in Washington is keenly interested in Israel’s plans to develop its ports and that a technical delegation of the World Bank was due in Israel soon for an on-the-spot study of those plans.

Mr. Horowitz, who came here from Washington, said an economic mission of the World Bank has already presented a report and the World Bank delegation, which is to consist of engineers and contractors, will study the plans for the development of the Haifa and Eilat harbors and the creation of a new port at Ashdod.

The Israel banking official also reported that Eugene Black, the head of the World Bank, plans to visit Israel, probably during this spring. Mr. Horowitz said he also conferred in Washington with Pier Jacobson, head of the International Monetary Fund, on Israel’s financial situation. A delegation of the Fund is due in Israel for a visit early this year.

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