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U.S. re-approves Israel loan guarantees program

www.Haaretz.com
Posted on Tuesday June 30, 2009

The United States has re-approved its Israel loan guarantees program, subject to meeting fiscal targets, the Finance Ministry in Jerusalem said Tuesday.

The move comes amid tensions between Israel and the Obama administration over Jerusalem’s settlement policy in the West Bank.

Earlier in the decade, to help Israel deal with a recession caused by a global downturn and a wave of Palestinian suicide bombings, the U.S. in 2002 provided a package of $9 billion in loan guarantees, where Israel could sell bonds internationally with the backing of the United States.

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