U.S. Government Reports Granting $32,000,000 in Aid to Israel for 1961
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U.S. Government Reports Granting $32,000,000 in Aid to Israel for 1961

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The United States Department of Commerce issued today a report announcing that Israel received a total of about $32,000,000 in U.S. net foreign aid for the fiscal year of 1961. The total represents the net sums of grants, credits and other assistance–except military aid–provided by U.S. agencies for the period ending June 30, 1961, the Commerce Department reported.

The report said Israel was the recipient of $8,000,000 in grants under the Mutual Security Act, foreign currency available under the Agricultural Trade and Development Act, and agricultural commodities through private agencies; $14,000,000 in net credits utilized through the Export-Import Bank, Development Loan Fund, Mutual Security and the Agricultural Trade Development and Assistance Act, which includes loans to foreign governments and private individuals; and $10,000,000 in other assistance under Mutual Security and the Agricultural Trade and Development Act.

The report added that the U.S. made collections of some $14,000,000 in principal collections from Israel during fiscal 1961 to reduce a gross total of $28,000,000 credit disbursed to $14,000,000. The report pointed out that net non-military aid to the Near East area increased over the preceding year, except to Israel and Saudi Arabia. A total of $44,000,000 in net non-military aid to Israel was given during fiscal 1960, the report said.

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