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Israel Opens Loan Negotiations with World Bank in Washington

The Israel Industrial Development Bank opened formal negotiations with the World Bank for a $15,000,000 loan.

Among the Israeli negotiators were Dr. A. Neeman, bank director, Nahum Shamir, Israel Economic Minister, and Dr. S. Sittan, Economic Counsellor of the Israeli Embassy. Four loans totaling $94,500,000, have been made by the World Bank to Israel to date. The most recent was a $20,000,000 loan extended in September, 1965.