Israel made its fourteenth semi-annual payment this week-end to the U.S. Export-Import Bank on a development loan received in 1949 and 1950. The payment amounted to $3,139,937, bringing the total payments by Israel to date up to $35,800.000 Of this amount, nearly $21,000,000 was on account of interest and $15,000,000 on account of principal.
Meir Shenman, Israel Economic Minister to the United States, commented on the latest payment, saying that “it sparked considerably larger investments in all areas of Israel’s economic life, and thus contributed beyond measure of its dollar value to the remarkable progress of the country.”
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