Negotiations for a loan of between 40 and 50 million dollars from the World Bank to Israel Industrial Development Bank have been opened here, it was learned today. An Israeli delegation, headed by David Horowitz, Governor of the Bank of Israel, is now in Washington.
Mr. Horowitz is also expected to discuss with the governors of the World Bank the so-called “Horowitz Plan” to finance three billion dollars in aid in a five-year period to developing nations. The plan was first submitted about two years ago at a world development conference held in Geneva.
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