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'The United States, as usual, will do its part, and I think we will try to help facilitate the contribu- tions, but this will not be pri- marily a U.S. financial responsibility." The World Bank has recent- ly completed a report outlining its recommendations for $3 bil- lion in economic aid for the ter- ritories. The report was commissioned last winter at the request of the economic devel- opment group in the multilat- eral Middle East negotiations. It was completed before - and independent of- the recent po- litical breakthrough. The report recommends that the $3 billion be invested in the territories over the next eight years. Of that, $1.3 billion would come in the first three years, during the first phase of the interim Palestininan self- government. All funds are destined to ad- dress basic infrastructure and technical needs, from building schools and hospitals to train- ing professionals. "We don't address the issue of private investment outside of infrastructure," a World Bank official said in an interview. He declined to be identified. "What we made is a private-sector as- sessment, and what facilities it needs to improve its condi- tions...We don't believe it [the private sector] is a priority. "Government should provide the basic physical infrastruc- LEADING ISRAELI STOCKS TRADED ON U.S. EXCHANGES FDIC LU Cr) tion among Arab countries and between Arab countries and Is- rael," said the aide, speaking on condition of anonymity. According to Hideo Sato, the political affairs secretary at the Japanese Embassy in Wash- ington, his country has not yet made any decisions. "We are still in the process of considering what we can do in this early empowerment fund," he said. "It mostly depends on the Palestinians, what they want. "We cannot go ahead of the agreement. We cannot say as outsiders what the Palestinians should do," said Mr. Sato, who spent eight years at the Japan- ese Embassy in Tel Aviv. "We're waiting for their initiative. We know the need is there." Cur- rently, he said, "there is no tar- get for the amount to be raised for this funding" by Tokyo. The Saudis, likewise, are awaiting specific Palestinian proposals for aid, which the kingdom promised at the start of the Madrid process would be forthcoming. But "to ask Saudi Arabia to contribute to a fictitious fund or entity doesn't make sense," said a Washington-based Arab diplo- mat, saying the Saudis want to be sure that cash won't disap- pear into "a black hole." "The country that has to be in the driver's seat is the Unit- ed States," he said. "The Unit- ed States has to say, 'We're starting a fund, we're putting in X; how much are you - the Japanese, Europeans and Gulf states - going to pay?'" The U.S. position is still un- clear. Secretary of State War- ren Christopher recently told America's National Public Ra- Symbol Name Exchange SCIXF Scitex NASDAQ 5 25.50 5 24.88 -$0.62 ECILF ECI Telecom NASDAQ 5 49.00 5 52.88 +s3.88 TEVIY Teva Pharm NASDAQ 5 32.00 5 32.75 +'0.75 IEC PEC Israel NYSE '33.88 '31.88 -$2.00 ELBTF Elbit Computers NASDAQ '43.75 5 40.00 +53.75 ELT Elscint LTD NYSE 5.88 $5.50 -$0.38 ELRNF Elron Electronics NASDAQ '21.25 '19.25 -52.00 TAD Tadiran NYSE 5 35.13 5 35.13 CMVT Comverse NASDAQ 5 13.75 5 12.75 -$1.00 LANTF Lannet Data NASDAQ 5 14.00 5 13.00 -$1.00 Sept. 10 Sept. 17 5 Change 5 0.00 Source: Allen °lender, Prudential Securities, West Moo' nfield.