The Israel Treasury will turn over $7,700,000 to the United States Export-Import Bank today in partial repayment of loans totalling $135,000,000. The payment, the largest thus far in the lifetime of the loan, covers interest and a repayment of principal. (The check was presented this afternoon in Washington by Ambassador Eban to Export-Import bank officials.)
The loan of $135,000,000 was originally contracted in 1949 and 1950. The dollars are being spent for agriculture, industrial, irrigation, and public utilities development projects, including port, telecommunication, power, transport and housing facilities. The payment to date amounts to $46,700,000.
JTA has documented Jewish history in real-time for over a century. Keep our journalism strong by joining us in supporting independent, award-winning reporting.
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.
