Economic Reform, Not Loan Guarantees: Israel's Only Path to Prosperity

Publication Date: February 1992

Publisher: Heritage Foundation (Washington, D.C.)

Author(s): Edward L. Hudgins; Joel C. Rosenberg

Research Area: Economics

Keywords: Middle East

Type: Report

Coverage: Israel

Abstract:

When the time comes that the issue of U.S. loan guarantees to Israel can be decided on its economic merits, the U.S. should give it sympathetic consideration. The U.S. should impose only one condition: that Israel make the economic reforms needed to enable Israel to pay back the loans. If Israel refuses to make such reforms, no amount of foreign loans or guarantees will help Israel for long.