U.S. Government Pledges $3.8 Billion In Loan Guarantees To Israel
In a meeting on Monday between U.S. State Department and Israeli officials, the U.S. officials promised to extend loan guarantees to Israel for the next three years. The $3.8 billion in loan backing is in addition to the $3 billion a year in aid given to Israel by the U.S. government.
Israel is the only recipient of U.S. foreign aid and loans that is not considered a ‘developing’ nation, with an annual GDP of $235 billion ($29,800 per capita). In contrast, the next biggest recipient of U.S. aid, Egypt, receives less than half of the amount given to Israel and has a GDP of $6,200 per capita. Every other recipient of US aid has a GDP that is below that of Egypt.
Recent Articles about International International Politics
Palestinian Worker Killed In Tunnel Accident 12:24 Mon 08 Feb
Israeli Soldiers Open Fire On Gaza Farmers And Fishers 10:38 Mon 08 Feb
Army Kidnaps Nine Palestinians In The West Bank 10:06 Mon 08 Feb
Al-Qassam Executes One Of Its Former Members 07:24 Mon 08 Feb
Army Kidnaps Two Palestinians In Bethlehem And Jenin 03:38 Mon 08 Feb
Palestinian MK Sentenced for "Disgracing a Public Servant" 20:40 Sun 07 Feb
Large-scale Military Exercise to be Held by US, Israel 20:03 Sun 07 Feb
Sudanese Stabbing Suspect Shot Dead in Ashkelon 19:45 Sun 07 Feb
Al-Qeeq Refuses Conditional Release in May 19:31 Sun 07 FebFull Story