Published 01.24.2012
By Barak Ravid
Haaretz


The U.S. government has informed Israel that it will recommend that Congress approve a three-year
extension of loan guarantees to Israel, worth $3.8 billion. The announcement came after several months
of worry in Israel that the loan guarantees would not be extended, despite Israel's request.

Current balance of loan guarantees is $3.8 billion; global credit agencies view guarantees as 'safety net'
for Israeli economy.


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