It is important to remember the credit guarantee request has been made in response to the need for assistance in handling the increase in the influx of Soviet and Ethiopian Jews into Israel. It Is a humanitarian issue. The country is facing a serious financial crisis. In order to provide jobs for these immigrants the Israeli economy needs to expand its growth. Israeli officials have been working on attracting direct Investment. qulokening the pace of privatizatloh and cutting back on bureaucratic redtape that has restricted economic growth. But more needs to be done In order to absorb the more than I million Soviet Jews who are expected to arrive.
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immigrants