Settlement does not affect the U.S. loan guarantees to Israel

Announced that the U.S. Treasury Department on Thursday that the loan guarantees granted by Washington to Israel rose to 3.841 billion dollars in the first of October, hence the continuation of settlement did not affect these guarantees. The announcement came as the U.S. Treasury at the conclusion of the meeting of the economic development of the joint American-Israeli in Jerusalem.
The new estimates suggest that Washington has given Israel $ 333 million tranche as collateral within the U.S. budget for the year 2010, which expired on 30 September Sptbmr.
The U.S. Treasury Department said in a statement that Washington was waiting for "receiving a report from the beginning of 2011 the Israeli government refers to the latter in 2010 met the conditions that allow the allocation of a slide loan guarantees."
They provide guarantees for Israel to borrow from the markets at competitive interest rates with the benefit of guarantees of payment granted by the U.S. government. And the conditions cited by the U.S. Treasury is the economic conditions.
U.S. law does not permit Israel to use the loans to carry out activities in the occupied territories since 1967. Israel did not use these guarantees since 2004.
The United States can reduce the guarantees in the amount equal to the amount allocated to the activities of Israel considers American President "is not consistent with the goals" set by the agreement signed with Israel, a settlement in the Palestinian territories.
The U.S. government imposed in 2005 on the reduction of these guarantees in the era of George W. Bush. The government has rejected a Barack Obama has repeatedly called for Israel to the extent of settlement construction, the resort to reduce the guarantees.