Finance Minister Pinhas Sapir of Israel is coming to the United States to report on Israel’s current economic problems and its development needs in 1967 at a three-day Planning Conference of the Board of Governors of the Israel Bond Organization, which will be open at the Waldorf-Astoria Hotel on January 13th, it was announced here today.
Mr. Sapir is expected to discuss the impact of the Israel Government’s economic slowdown, its plans for shifting portions of its manpower into greater production for export and the need of accelerating the industrial development program to maintain the growth of Israel’s economy.
The Planning Conference, which will be attended by more than 350 communal leaders from the United States and Canada, will consider Israel’s increased reliance on Israel bonds in the coming year and draft a campaign program which will mobilize the investment resources required to help finance the country’s larger Development Budget in 1967, Louis Boyar, chairman of the Board of Governors stated.
Dr. Joseph J. Schwartz, vice-president of the Israel Bond Organization is now in Israel discussing with Prime Minister Levi Eshkol and Mr. Sapir and other top Government leaders, various problems. He will report to the Board of Governors on the results of the 1966 campaign and the expectations for 1967.
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