SANTIAGO, Chile (Jun. 26)
Israel’s technical aid to Latin America was lauded by Dr. Jose A. Mora, Secretary-General of the Organization of American States at the annual meeting of the Inter-American Economic and Social Council. He pointed out that Israel was one of the original partners of the Alliance for Progress which was formed in 1941. It was estimated that 40 percent of all Latin Americans who have received development training outside the Western Hemisphere have received it in Israel under various alliance and bilateral programs.
Most Israeli aid effort has been in providing and paying for Israeli specialists rather than in making loans and grants. Reuben Eiland, coordinator of the program said Israel, as a developing country couldn’t put up a lot of money on programs, but the Bank of Israel has invested $3,000,000 in short-term bonds from the Inter-American Development Bank for use in investments in Central America. Mr. Eiland was Director-General of the Israel Ministry of Agriculture before taking his post here.