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Availability of funds must be linked to cooperation 

 with technical advice and counsel on market-oriented 

 lending principles. 



Private Investment Large And Small 



Finally, I have been asked to comment on the role of both 

 large and small investments by U.S. private interests. 



Clearly such investments, if carefully made, can 

 encourage transition to a market economy. However, with 

 respect to NIS agri-business there are at least three 

 points of importance: 



- The vast bulk of NIS agri-business is controlled by 

 state monopolies, both national and regional, or by 

 their privatized successors. To be truly helpful, 

 U.S. investments should not be in these monopolies 

 (which is the natural inclination) . U.S. investment 

 should focus on creating new competition for these 

 huge, inefficient complexes. 



The absence of an appropriate body of commercial law 

 and supporting court system has discouraged U.S. 

 private investment. This problem will persist for 



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