Jewish 1958 Israel bonds Award certificate Signed Prime Minister Moshe Sharet
30 x 37 cm
an organization that deals in the sale of bonds of the State of Israel to Jews in the Diaspora. The Bonds was established in September-October 1950 at the initiative of Prime Minister David Ben-Gurion, Finance Minister Eliezer Kaplan and Golda Meir with Henry Morgenthau, Shmuel Rotberg and Henry Montor of American Jewry.
At the beginning of his life, it was difficult to persuade American Jews to invest their money in bonds of the newly created State of Israel. Over time, however, the Bonds managed to raise ever-increasing amounts, until the 1960s, Bonds became one of the main sources of income for the Israeli government's development budget. From this budget, projects such as the National Water Carrier, the Dead Sea Works, the Orot Rabin power plant in Hadera and the development of Israel's seaports (Haifa, Ashdod and Eilat) were established in the first decades of the state. In recent decades, the budget has been invested in projects in the field of immigration from the Soviet Union and Ethiopia, the expansion of Ben-Gurion Airport and Israel Railways, and improvement of infrastructures.
By the end of 1967, the Bonds managed to raise $ 1.1 billion. Today, the organization raises about $ 1.2 billion a year, which is about half the capital Israel raises around the world each year. In total, Bonds has raised more than $ 33 billion since its inception.for condition watchphotos
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