Germany Loaning Israel $90 Million
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Germany Loaning Israel $90 Million

The German government is making some $90 million worth of aid available to Israel this year.

A similar amount will be provided in 1993, Vice Foreign Minister Helmut Schaefer told the Bundestag last week.

Replying to a parliamentary question, Schaefer denied reports that Germany has undertaken to grant Israel credits for purchasing arms in this country.

He said the aid to Israel, a program of more than 20 years’ duration, was in the form of long-term loans, which were being paid back.

He said the assistance was specifically earmarked, mostly for water projects.