The management of the World Bank has concluded negotiations with an Israeli delegation and recommended a $27,500,000 loan to Israel to construct a new port at Ashdod, about 20 miles south of Tel Aviv.
The board of directors of the bank is expected to act on the recommended loan on Aug. 18, when the board is scheduled to meet. Informed sources predicted that the loan will be approved without major difficulty. The negotiations were concluded here during the past weekend by an Israeli delegation headed by David Horowitz, Israeli delegate to the bank.
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.
