In return for our deposit of the U.S. contribution. we receive the right to withdraw an equivalent amount in Special Drawing Rights. a basket of hard currencies polled in the IMF. The conference report also adopts a Senate provision authorizing the President to provide up to $10 billion in loan guarantees to Israel. in amounts up to $2 billion per year. over 5 years. This humanitarian program is intended to help Israel in its massive task of absorbing an anticipated 1 million immigrants from the former Soviet Union. Of special importance is that the conference report provides that Israel is to pay through fees to the U.S. Treasury all costs of this loan guarantee program.
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immigrants