The United States Export-Import Bank decision on Israel’s application for a $75, 000, 000 loan “should not take long” after the return to Washington tomorrow of the bank’s delegation which has been studying projects for which Israel seeks the loan, the head of that delegation said today.
Lynn Stambough, first vice president of the bank, told a press conference that it was his delegation’s mission to decide whether the loan would be beneficial to Israel and whether it was economically feasible. He refused to make known the group’s findings, noting that all information and the mission’s conclusions would be included in a memorandum from the delegation to the bank’s board of directors who must make the final decision.
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.
