The United States Development Loan Fund today agreed to a new $10,000,000 loan to the Industrial Development Bank of Israel to be re-loaned by the Israeli institution to various private enterprise undertakings in Israel.
A spokesman for the DLF said the new authorization brought to $20, 000, 000 the amount made available by the Fund to the Industrial Development Bank of Israel. It was described as an expansion of the previous loan of $10, 000, 000.
Meanwhile, Ambassador Avraham Harman of Israel signed today a separate loan agreement to be used for improvement of Israel’s telecommunications systems, announced last October.
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.
