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Austrian Government Offers $5,000,000 Loan to Jewish State

March 11, 1952
See Original Daily Bulletin From This Date

The Austrian Government has offered Israel a $5,000,000 loan, it was learned here today. It is believed that the forthcoming visit of Arieh Eshel, Israeli consul here, to Tel Aviv is connected with the offer.

The loan will be granted the Jewish State by the Austrian Government from funds which it uses for the development of its export trade. Austria, which last year jumped to seventh place among the countries from which Israel imports goods, desires to consolidate its position and has offered Israel favorable terms for the loan.

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