Essay: The way the U.S funds the Israeli economy

18 Jun

Essay: The way the U.S funds the Israeli economy

The support comes in form of Food for Peace aid, Export-Import Bank Loans and the general economic loans. Furthermore, the military loans became accessible to Israeli as of 1967. Israeli gets about $ 3 billion in economic and military grants on top of the over five hundred dollars on the off-budget.

The special treatment for Israeli is seen in the way the U.S funds the Israeli economy. As opposed to other beneficiaries of the US who get money for specific purposes – for instance buying of US products or agricultural excesses – the funds to Israeli goes directly to the government’s coffers (Zunes, n.d). Another exception of Israeli is that while the US funds in other countries are monitored by the US Agency for International Development (USAID) officials through non-governmental organizations or directly, the funds to Israeli are simply transferred to the government. Besides, a fraction of the US loans to Israeli were forgiven by the Congress. The generosity of the US to Israel is further observed in a situation where the Congress gives too much money to Israel that it has to go back and borrow the same money. Through the transaction, Israeli ends up getting the interests. All these benefits enjoyed b Israel are a direct function of the US trying to cultivate good relations.

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