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Israel to Seek $60,000,000 in Loans from World Bank in Washington

December 15, 1959
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Israel will shortly submit to the World Bank detailed requests for loans totalling $60,000,000 for various investment projects, it was reported here today. The Treasury is now drafting plans for investing the loan in the construction of the new port of Ashdot, expanding potash production and financing an industrialization institute which would make investments in development projects.

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