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S91.2 Million Imf Loan to Israel

A S91.2 million loan to Israel has been approved by the International Monetary Fund (IMF). This, according to the IMF, will help offset recent declines in Israel’s export earnings both for manufactured goods and agricultural products. The IMF said that poor weather reduced Israel ‘s export of citrus fruit and other crops in the year which ended last June. In addition, trade barriers in other countries have limited Israel’s export of chemicals, textiles and other manufactured goods.