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AJCONGRESS LEADER GRATIFIED BY U.S. PROMISE OF $10 BILLION IN LOAN GUARANTEES FOR ISRAEL

 AJCONGRESS LEADER GRATIFIED BY U.S. PROMISE OF $10 BILLION
 IN LOAN GUARANTEES FOR ISRAEL
 NEW YORK, Aug. 11 /PRNewswire/ -- Reacting to the announcement today that Israeli Prime Minister Yitzhak Rabin and President Bush have agreed on terms for the granting of $10 billion in loan guarantees to the Jewish state, Henry Siegman, executive director of the American Jewish Congress, and Robert K. Lifton, AJCongress President, released the following statement:
 The American Jewish Congress is gratified that President Bush has approved Israel's longstanding request for $10 billion in loan guarantees.
 President Bush personally played a significant role in enabling Jews from the Soviet Union and from Ethiopia to immigrate to Israel. The loan guarantees will assist Israel in its herculean efforts to absorb these immigrants and the large number of Jews from the former Soviet Union who are expected to come to Israel in the next few years.
 We were particularly pleased with the warm reception which President Bush extended to Israel's Prime Minister Rabin and the personal friendship the two leaders demonstrated for each other. The return to the historically close relationship between our two countries augurs well for progress in the upcoming bilateral and multilateral peace talks.
 Siegman is available for further comment. Contact Craig Sumberg at AJCongress, 212-360-1540.
 -0- 8/11/92
 /CONTACT: Craig Sumberg of American Jewish Congress, 212-360-1540/ CO: American Jewish Congress ST: New York IN: SU:


SH -- NY065 -- 9007 08/11/92 13:21 EDT
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Publication:PR Newswire
Date:Aug 11, 1992
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