High-ranking political and economic figures from both Israel and the U.S. are quietly planning an economic reform program designed to transform Israel into a free-market economy. This program, to be implemented after the June elections in Israel, will be presented to Israel as a condition for the receipt of further American aid. The U.S. program will be in the form of a signed agreement. The agreement would have no impact on the loan guarantees, rather it is a package, mutually agreed upon, whereby Israel would continue to get regular aid from the U.S. under terms which would enco