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February 27, 2003

US to give Israel only quarter of requested aid

Article from Jerusalem Report suggests that Israel to get much less in American aid than they have asked for
A source in Washington is quoted today as saying that the US administration is leaning toward granting Israel only a billion dollars in extra aid, or about a quarter of what Jerusalem has sought.

The reasons for the cut are the mounting costs of a
prospective military campaign in Iraq, in addition to Washington's need to supply other key Middle East allies with billions of dollars of extra assistance, such as Turkey and Jordan.

Israel has asked for $4 billion in aid and another $8 billion in loan guarantees. According to the reports, the loan guarantees are likely to be approved in full, but only about a quarter of the grant.

Top Israeli officials were in Washington last week to negotiate for the additional aid, and the meetings ended inconclusively.