The American Administration has agreed to give Israel a 3 billion-dollar financial guarantee until 2008 to assist the implementation of the disengagement plan, Israel Radio said Wednesday.

Israeli delegates met with the U.S. officials in Washington on Wednesday to begin talks on financial aid for development in the Negev and the Galilee.

Israel is also asking for assistance in funding the relocation of Israeli army bases following the pullout from the Gaza Strip and the evacuation of four small West Bank settlements, which are planned to take place this summer.

 The United States has also agreed to provide Israel with two more years to pay back lawn guaranteed by the American Administration.

U.S. President George Bush has told Israeli Prime Minister Ariel Sharon, In their meeting earlier this month, that the U.S. would help Israeli efforts for development in the Negev in the south and Galilee in the north.

Israel is seeking a quick development to both regions to encourage settlers to relocate in them after the implementation of the pullout.