Georgia buys $10M in bonds to Israeli defense efforts
AUGUSTA, Ga. (WRDW/WAGT) - On Friday, Georgia Gov. Brian Kemp announced he had directed the state treasurer to buy $10 million in Israeli bonds to help the country’s defense.
The purchase puts Georgia’s current bond investment in Israel at $25 million, Kemp added. A government bond is a loan, and the government that issued the bond pays it back at a fixed interest rate.
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“Israel is one of Georgia’s strongest allies and greatest friends, and our for its people as they endure horrific attacks from terrorists is unwavering,” Kemp said in the statement. “Purchasing these bonds is just the latest expression of that . Though this conflict was not of Israel’s choosing, we know they will be victorious in this fight against evil and those who seek its destruction.”
Kemp has been vocal about his for Israel since the militant Arab group Hamas attacked Israel last Saturday.
On Wednesday, Kemp ordered the U.S. and Georgia flags at all state buildings and grounds to fly at half-staff until Saturday at sundown. The order is in solidary with Israel and in mourning for the lives lost, including those of dozens of Americans, Kemp said.
Kemp and his family recently visited Israel in May, where he led a state delegation in of economic development.
Across the state line, South Carolina Gov. Henry McMaster proclaimed this as Israeli Solidarity Week in South Carolina.
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