The United States Agency for International Development reported today that Israel has $6,100,000 available for lending to United States firms, or their affiliates, for business development or expansion of foreign trade.
The funds are available as the result of the sale of surplus U.S. agricultural products under the U.S. Food-for-Peace program. Borrowers make repayment in local currency. Foreign businessmen are also eligible for the loan funds provided their proposed use of the currency will result in the sale of U.S. agricultural commodities.
(Authoritative Administration sources in Washington today revealed that Egypt has been the third largest recipient of Soviet bloc economic assistance outside the Iron Curtain countries, an authoritative Administration source reported today. Egypt has received a total of $615,000,000 in aid since 1954, the Administration spokesman said. Soviet aid generally takes the form of large-scale, low interest credits, he explained.)
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