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Home >> Aid >> Foreign >> Israel

Foreign Aid Israel

Foreign aid Israel is an integral part of the economic activities of this Middle-Eastern country. In fact, it is since 1992 that foreign aid Israel has made the country’s economy to thrive, by offering financial support to a number of commercial activities and related projects.
Foreign aid to Israel: the past activities
For the past couple of years, the economy of Israel has been surviving on foreign financial aids, the maximum of which comes from the United States of America. It is since 1992 that America has been offering this Middle-Eastern country an additional annual amount of $2 billion in the form of loan guarantees. In fact, according to the studies made by a handful of Congressional researchers, from 1974 and 1989, around $16.4 billion of military aids coming from America have been converted to financial grants by Israel, as per the settlement made between the two nations on the matter. However, it is Israel’s timely repayment of such loans that has helped United States to continue giving financial support to the country.

Keeping in mind Israel’s punctuality in loan repayment, America since 1984 has adopted a policy that the total economic aid provided to Israel must be made either equivalent to or more than the country’s annual repayment of U.S. debts. When other countries receive American economic aid in quarterly installments, foreign aid to Israel since 1982 comes in huge amount at the beginning of the financial year.
Some more facts about U.S. foreign aid to Israel:
Apart from all the above-mentioned loans given to Israel, an additional amount of $1.5 billion private American funds is also annually disbursed to Israel, in the form of $1 billion tax-deductible, private donations and another $500 million as bonds to Israel. Not only these financial figures denote long and short-term commercial loans given by the American banks, but they also indicate annual loan amounts worth $1 billion given to Israel in current years.
Israeli foreign aid: the present scenario
Today, is spite of having a higher per capita income and only .001% of the total world population, Israel still receives about 1/3rd of the total foreign aid budget of the United States.
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