The Bush administration has agreed to an Israel demand that a loan guarantee deal be extended by an additional three years, until 2011. Israel has used USD 4.9 billion of a total USD 9 billion.
In 2003, the United States approved a USD 9 billion aid package to Israel in the form of loan guarantees which allow Israel to borrow money on the international market for low interest rates.
Finance Minister Abraham Hirchson praised the Administration for expressing faith in Israel's economy.
[Yedioth]
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