In its outlook for the next few years, the United States Government hopes aid to Israel can be terminated, it was revealed today by President Kennedy’s new Foreign Aid Director, David E, Bell, in testimony before the Senate Foreign Relations Committee.
Mr. Bell singled out Israel for mention,, along with Taiwan, Greece, and Libya, as countries where economies are improving and a gradual phasing out of American aid is foresseen by U. S. experts.
Mr. Bell told the committee that the United States hopes to continue a shift in emphasis from outright economic grants to more loans repayable in dollars. But the government envisages higher interest rates on low or non-interest loans to countries achieving economic progress, he said.
He made it clear that he considered Israel among nations with a rapid rate of growth. He explained to the committee that the government plans to concentrate American assistance where it is most urgently needed and where “we can achieve real and lasting results.”
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