Emphasizing that the recently-announced $100.000.000 loan to Israel by the Expert-Import Bank will not substantially help the imm##### absorption of 250,000 immigrants expected to enter Israel during 1949, Dr. Israel Goldstein, treasurer of the Jewish Agency, today estimated that it will cost approximately $400,000,000 to absorb these newcomers.
“It is clear that additional funds will have to be found besides those which private philanthropy can provide,” he said, prior to his departure for London en route to Israel. He urged that the U.S. Government and Congress give consideration to the following possibilities:
1. Inclusion of Israel in the American program of economic aid to the Middle East, “in which Israel is the most dynamic factor”; 2. American influence upon the International Refugee Organization–to which the United States is the largest contributor to allocate more substantial subsidies for the resettlement of Jewish refugees in Israel; 3. A special government grant to the Jewish Agency or the Government of Israel in lieu of the expenditures for the DP camps now “being emptied through immigration to Israel.
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The Archive of the Jewish Telegraphic Agency includes articles published from 1923 to 2008. Archive stories reflect the journalistic standards and practices of the time they were published.
