And it is Important to note that Israel has never defaulted on any of its past loahs and it has even volunteered in this translation to pay for the "scoring" or setaside money for such loan guarantees. As our former United States Ambassador to Israel. William Brown. recently stated: * * * Granting Israels request for loan guarantees will create hundreds of thousands of jobs for Americans. because much of the money will be spent In the United States for goods and services Israel needs to absorb Soviet and Ethiopian Immigrants * * * when Israel was granted $400 million in housing loan guarantees two years ago. it all but rescued our U.S. housing Industry. The Israeli Minister of Economic Affairs has stated: While It may be difficult to project the exact impact of U.S. loan guarantees on Israel. It Is reasonable to estimate that the net effect will be to stimulate an additional $1015 billion in U.S. exports to Israel for the period 19921996.
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Immigrants