(Ha'aretz) Nathan Guttman - The U.S. clarified on Wednesday that the cuts in loan guarantees to Israel take into account Israel's investments in the West Bank security fence. The loan guarantees allow Israel to borrow money at a more favorable rate. The deduction could cost Israel $4 million a year in extra interest costs, said Ben-Zion Zilberfarb, a former director-general of the Finance Ministry.
2003-11-27 00:00:00Full ArticleBACK Visit the Daily Alert Archive