Work on Israel’s application for a loan from the U.S. Development Loan Fund and other aspects of economic cooperation are progressing, according to informed sources. Israeli Finance Minister Levi Eshkol is expected in Washington next week for high level discussions.
It is thought that Israel will be loaned about $15,000,000, repayable in Israel currency. Development loans through the U.S. International Cooperation Administration are replacing the previous system of aid grants.
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