The Israel Bond Organization has launched a $1 billion campaign to cover the expected costs of developing the Negev and other areas in Israel in the coming peace era, it was announced here yesterday by Michael Arnon, president of the Israel Bond Organization. One hundred American and Canadian Jewish leaders representing the State of Israel Bonds National Campaign Cabinet arrived here yesterday for an intensive three-day round of conferences with Israel government officials on urgent peace needs. The delegation is headed by Sam Rothberg, Israel Bonds general chairman, and Arnon. The $1 billion Economic Development for Peace Loan will be issued for 15 years and will carry a low interest of four percent. It will be administered by the Bond Organization. Last year there was a sale of $370 million In Israel Bonds; but Arnon-was hope full that more would be sold this year.
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