United States financial institutions. With a United States guarantee. Israel will be able to obtain loans at favorable terms. For example. Israel will be able to secure 30year loans which would allow the Israeli economy time to reap the benefits of expansion resulting from the integration of this wave of welleducated immigrants. Mr. President. loan guarantees are truly a nocost investment for the United States. The United States has a great deal to gain economically by assisting Israel in this fashion. Not only do private American banks stand to profit from servicing the loans. but Israel will purchase most of the building and construction materials it needs from United States companies.
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immigrants