NEW YORK (Sep. 5)
Plans to promote American economic aid to Israel in order to enable it to increase export trade will be among the principal topics of discussion at the National Planning Conference of the Israel Bond Organization which will be held at the Shoreham Hotel in Washington, D. C. beginning Friday, September 21, it was announced today by Dr. Joseph J. Schwartz, vice-president.
Emphasizing that Israel’s economic development is closely linked to its ability to sell products in larger volume abroad, Dr. Schwartz declared that Finance Minister Levi Eshkol and other Israel experts would present a detailed analysis of the country’s foreign trade problems to the Washington sessions.
Dr. Schwartz also stated that the effects of the new economic policy established in Israel six months ago and the continuing pressure on the economy involved in the establishment of new communities in the Negev and elsewhere to absorb an undiminishing flow of immigrants would also be considered at the Israel bond conference.
Special significance attaches to the forthcoming Washington meeting because Finance Minister Eshkol will outline for the first time the Israel Treasury’s program for the repayment with full interest of the first Israel bonds issued in May 1951. Israel Independence Savings Bonds will mature starting May 1, 1963.