Shultz Sends Letter of Encouragement

Prime Minister Shimon Peres recently received a letter of encouragement from U.S. Secretary of State George Shultz for the government’s efforts to boost foreign investments in private Israeli industry.

Shultz wrote that he had been briefed on the recent session in Jerusalem of the special task force of international and Israeli businessmen, Operation Independence. “You know how interested I am in the long-term development of the Israeli economy and its great potential,” Shultz wrote.

“I am pleased and encouraged that you and your government are working with (Detroit industrialist, philanthropist and Republican Party supporter) Max Fisher and the Project Independence group as one way to promote long-range growth, while you work simultaneously to implement and broaden your stabilization plan. This is exactly as it should be.”

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