Israel Gets $4B in U.S. Loan Guarantees

By JTA October 25, 2012

The United States extended nearly $4 billion in loan guarantees to Israel through 2016.

U.S. Treasury Secretary Timothy Geithner and Israeli Treasury Director-General Doron Cohen signed the agreement on Wednesday in Washington.

The U.S. first approved $9 billion in loan guarantees, which allow Israel to sell bonds internationally with the backing of the United States, during the 2002 recession.

As part of the deal, Israel must also hit certain economic targets regarding the size of budget deficits and levels of government spending.

A message from our Publisher & CEO Rachel Fishman Feddersen

I hope you appreciated this article. Before you go, I’d like to ask you to please support the Forward’s award-winning, nonprofit journalism during this critical time.

The coming year promises to be filled with more complex and historic developments. We are entering an era where independent, fact-based Jewish journalism will be more important than ever. We need to be ready for whatever 2025 will bring, and with your help, we can be.

We’ve set a goal to raise $260,000 by December 31. That’s an ambitious goal, but one that will give us the resources we need to invest in the high quality news, opinion, analysis and cultural coverage that isn’t available anywhere else.

If you feel inspired to make an impact, now is the time to give something back. Join us as a member at your most generous level.

— Rachel Fishman Feddersen, Publisher and CEO