Economic Planning Conference for Israel Opens in Washington Today

A three-day National Planning Conference for Israel opens here tomorrow, sponsored by the Israel Bond Organization. More than 500 Jewish leaders from various cities in the United States and Canada will attend the parley.

Israel’s economic position and her program for accelerated development will be discussed at the conference by Levi Eshkol, Minister of Finance of the State of Israel; Israel Ambassador Avraham Harman, Dr. David Horowitz, Governor of the Bank of Israel and Dr. Abba Hillel Silver, chairman of the board of governors of the Israel Bond Organization. Major items that will be considered at the conference include:

1. Construction of housing and new industrial enterprises to absorb the current increased wave of immigration.

2. Expansion of Israel’s development program in the Negev, which is the country’s largest center of future settlement.

3. Promotion of Israel’s export trade, and its efforts to reach a working arrangement with the European Common Market.

4. Completion of the $200,000,000 national irrigation project, which will bring water from the Sea of Galilee south to the almost rainless Negev region.

5. Development of harbor facilities at Eilat on the Gulf of Akaba which is the gateway to Asia and Africa and the construction of a new deep water port at Ashdod, south of Tel Aviv.

The conference will launch the fall phase of the 1962 Israel bond campaign, which seeks a total of $66,500,000. An announcement will be made of plans for the redemption of the first Israel bonds to become payable. Israel Independence Savings Bond sold in 1951, will start falling due on May 1, 1963.

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