While significant progress has been made toward meeting some of Israels highpriority public investment needs. prospects of large scale private foreign investment are limited so long as tension exists betwen Israel and its Arab neighbors. Limited amounts of capital investment. of course. will continue to flow into Israel from world Jewry. JORDAN The ability of Jordan. which is primarily an agricultural country. to finance either internal or external costs of development is extremely limited. The sparse and underdeveloped resources can scarcely support the indigenous population and are quite incapable of supporting the additional 500.000 Palestinian refugees. Much of Jordans total foreign exchange receipts are accounted for by foreign grants and credits. In brief. the countrys situation is such that foreign financial assistance is mandatory for survival and economic development.
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refugees