23456

October 25th, 2012

FAKE NEWS for the Zionist agenda

U.S. and Israeli officials sign the loan guarantee program

The U.S. signed off on loan guarantees for Israel for at least the next few years, according to reports.

Obama and Israeli Government policymakers on Wednesday extended a loan guarantees program of the United States and Israel to support economic growth, Israeli officials said.

Treasury Secretary, Tim Geithner, signed for the United States and the Ministry of Finance Director General Doron Cohen signed for Israel, the department said in a statement. The signing of the memorandum of understanding came during a meeting of U.S. and Israel this week at the Joint Economic Development Group in Washington.

“Israel is a vital partner and ally of the United States,” Geithner said. “The continued availability of

this loan guarantee will enable Israel to continue to access the capital markets at affordable prices in the years to come.”

President Obama signed a law in July to extend the U.S. loan guarantee program to Israel for four years, giving the Jewish state access up to $3.8 billion in loan guarantees in the future. The program began in 2003 as part of a commitment of $9 billion, the Treasury said.

The Israeli economy grew by 4.6 percent last year.

The Bank of Israel forecasts growth of 3.3 percent in 2012 with inflation at around 2 percent.

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