A national planning conference to draft a program for wider economic development in Israel will begin its deliberations tomorrow at Washington, D. C. under the auspices of the Israel Bond Organization, it was announced by Dr. Joseph J. Schwartz, vice-president.
More than 500 Jewish leaders from various parts of the United States and Canada will meet for three days to consider the economic progress Israel has made during the past decade with American investment aid and to blueprint increased support for major development projects in unsettled and underpopulated areas of the country.
Josef Almogi, Israel’s Minister of Development and Housing, arrived today to place before the Washington conference Israel’s development requirements in preparing large sections of the Negev desert in the south and the Central Galilee region in the north for the establishment of new agricultural and industrial communities. Another principal speaker will be Israel’s Ambassador Avraham Harman.
The conference will initiate campaign activities for the sale of Israel Bonds in the remaining months of 1963. It will also discuss long-range plans for enlisting the participation of individual American investors in Israel’s economic growth in the coming years through the Israel Bond Organization, Dr. Schwartz said. Referring to the fact that the Treasury of Israel is at present redeeming its first twelve year savings bonds, Dr. Schwartz said that the repayment of matured Israel bonds has greatly increased confidence in Israel’s economic future.
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