A six-point program of economic activity for Israel, representing an advance to a higher level of industrial and agricultural development, will be considered at the three-day National Economic Planning Conference for Israel whose sessions started today at the Shoreham Hotel here. The conference, sponsored by the Israel Bond Organization, is being attended by 600 delegates from 42 states and Canada,
Israel’s program of economic activity for the coming period, which will be discussed at the conference, includes: 1, Rapid development of industry with the aid of American investments; 2. Enlarging foreign trade facilities through the improvement of existing harbors and the construction of a new deep-water port on the Mediterranean south of Tel Aviv; 3. Large-scale irrigation geared to the opening of new regions in the Negev for mass settlement.
Also, 4. Intensified exploitation of copper, oil, phosphates, potash and other natural resources; 5, Expansion of transport facilities, including rail, sea and air; 6. Widening the program of technical and scientific assistance to underdeveloped countries of Africa and Asia.
Israel’s Finance Minister, Levi Eshkol, will report to the conference on Israel’s economic progress and her plans for stepping up the pace of her economic development, in which Israel bond funds have played a decisive role. Since May, 1951, when the Israel bond drive began, more than $450, 000, 000 in Israel bonds have been sold in the United States, Canada, Latin America and Western Europe.
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