Israel Ambassador Abba Eban today conferred on the question of a new loan and economic aid for the current fiscal year with C. Douglas Dillon, Deputy Undersecretary of State for Economic Affairs.
Israel is seeking a loan of $18,000,000 for power development from the U.S. development loan funds according to authoritative sources. Mr. Eban did not specify the amount sought. He said no difficulties existed and that in today’s meeting the situation was clarified.
Mr. Eban said today’s meeting covered “certain outstanding elements” in American-Israel agreements for the current fiscal year. Last week the U.S. Export-Import Bank announced a $24,200,000 loan to Israel in response to Israel’s application for $75,000,000. All aspects of the $24,200,000 loan have now been worked out.
As the Year Turns, Support the Journalism You Trust. JTA covers the stories shaping Jewish life around the world — with the depth this moment calls for. As you reflect on the year ahead, consider a gift that keeps independent Jewish journalism strong.
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.
