Finance Minister Pinhas Sapir returned from a visit to the United States today with a report that United States officials want Israel to pay for surplus foods in dollars and to set a higher interest on loans to Israel. Up to now the payments for U.S. surplus foods were made in Israeli pounds, part of which were given back to Israel as aid for economic projects.
Reporting that Israeli-United States negotiations were still in progress on terms of Israeli purchases of surplus food, the Finance Minister said that United States officials believe Israel no longer qualifies as a “developing country” and that financial ties between the two countries should therefore be placed on a regular basis.
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