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Mission to Discuss U.S. Loan to Israel Due in Jerusalem in July

May 2, 1957
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The mission of the U.S. Export-import Bank. which is to discuss Israel’s application for a $75, 000,000 loan, will arrive in Israel on July 15, it was reported here today. It was also reported that J. Haggerty who was appointed as head of the U.S. technical aid mission to Israel, will arrive here this week.

Mr. Haggerty, who succeeds Lincoln Hale, is a career Foreign Service officer. He is reported here as having met in Washington with top Israeli officials, including Theodore Kollek, director-general of Premier David Ben Gurion’s Office, who is now in the United States. American experts who are members of the U.S. technical aid mission are returning to Israel in small groups. They were recalled after the Israel campaign in Sinai.

The U.S. Export-Import Bank loan to Israel was approved in principle by Washington last autumn. The American mission to negotiate the loan was scheduled to come to Israel last November. However, its visit was postponed indefinitely when the State Department took exception to Israel’s entrance into Sinai. The members of the mission will be able to proceed to Israel before July since some of the experts who studied Israel’s application for the loan have in the meantime been sent to other countries and it will take a few months before they complete their work there.

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