(Jerusalem Post) Nadav Shemer - U.S. Treasury Secretary Timothy Geithner and Israeli Treasury Director-General Doron Cohen signed an agreement in Washington on Wednesday that will extend U.S. loan guarantees to Israel to 2016. The agreement gives Israel four more years to use $3.8 billion in guarantees left over from $9b. in guarantees granted in 2003. Even if Israel does not take advantage of the loan guarantees, having American backing helps it obtain favorable rates on borrowing abroad.
2012-10-25 00:00:00Full ArticleBACK Visit the Daily Alert Archive