A highly-placed Administration official today confirmed that President Truman is working on a three-point program for Israel including a $100,000,000 Export-Import Bank loan, de jure recognition, and U.S. support for Israel’s U.N. membership application.
This official expressed the belief that securing the $100,000,000 loan was a virtual certainty. Although he warned that “anything could happen” which might present the realization of such economic assistance for the new state, he indicated that President Truman is definitely committed to the idea of securing the loan.
JTA has documented Jewish history in real-time for over a century. Keep our journalism strong by joining us in supporting independent, award-winning reporting.
The Archive of the Jewish Telegraphic Agency includes articles published from 1923 to 2008. Archive stories reflect the journalistic standards and practices of the time they were published.
