Identifier
Created
Classification
Origin
09TELAVIV27
2009-01-06 15:01:00
CONFIDENTIAL
Embassy Tel Aviv
how-toVZCZCXYZ0013 OO RUEHWEB DE RUEHTV #0027 0061501 ZNY CCCCC ZZH O 061501Z JAN 09 FM AMEMBASSY TEL AVIV TO RUEHC/SECSTATE WASHDC IMMEDIATE 9893 INFO RHEHNSC/NSC WASHDC IMMEDIATE RUEATRS/DEPT OF TREASURY WASHDC IMMEDIATE
C O N F I D E N T I A L TEL AVIV 000027
SIPDIS
NEA/IPA TO GOLDBERGER, SACHAR, LENTZ; EEB/IFD TO JACOBY;
TREASURY TO BALIN
E.O. 12958: DECL: 01/05/2019
TAGS: ECON EFIN IS
SUBJECT: ISRAEL TO USE U.S. LOAN GUARANTEES
Classified By: Economic Counselor David Burnett for reasons 1.5 b and d
.
In a January 6 telcon, Michal Finkelstein, Senior Advisor to
the Ministry of Finance (MOF) DG, informed Dep EconCouns the
GOI intends to borrow money made available through the 2003
U.S.-Israel Loan Guarantee Agreement. She said that the
issue is now in the preliminary planning stage and that no
firm decisions have yet been made with regard to how much of
the available loan money will be used, or when. The final
decision on these matters will be made in the next week or
two by the Finance Minister in consultation with the
Accountant General. At that point, the GOI will contact the
USG to formally initiate the loan guarantee process. When
asked whether the decision to use the guarantees reflected
GOI pessimism regarding the state of the Israeli economy,
Finkelstein demurred.
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Visit Embassy Tel Aviv's Classified Website:
http://www.state.sgov.gov/p/nea/telaviv
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CUNNINGHAM