Sapir Urges Longer Term for Repayment of Military Purchase Credit
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Sapir Urges Longer Term for Repayment of Military Purchase Credit

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Finance Minister Pinhas Sapir discussed U.S. economic aid to Israel with Sen. Henry M. Jackson (D. Wash.) at a lengthy meeting here today. Sapir, who credited the Washington lawmaker for his vital part in securing U.S. aid for Israel, suggested to Jackson that the U.S. allow Israel a longer term for repayment of credit extended for military purchases. Sapir said Israel has always met its repayment schedules to the day and therefore ought not to be burdened with excessive repayments over the next few years.

Jackson reportedly promised to try to get the credits extended over a longer period. Sapir explained to the Senator that the absorption of an average immigrant family in Israel costs $30,000 and expressed appreciation that the U.S. has granted $50 million to assist in the resettlement of emigres from the Soviet Union. Jackson, in Israel for a three-day visit, is meeting with top Israeli officials.

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