Finance Minister Bezalel Smotrich and the President of the Inter-American Development Bank (IDB), Ilan Goldfain, signed today (Monday) in Washington a declaration of intent to promote the establishment of the Isaac Agreements Fund.

The "Isaac Agreements" are an initiative to promote political-economic agreements initiated by the President of Argentina, Javier Milei. The agreements are intended to deepen political, economic, and technological ties between Israel and the countries of the region, and to create a practical framework for cooperation in infrastructure, innovation, investment, and development.

Through the fund, Israeli innovation and solutions developed in Israel will be able to address the needs and challenges in the countries of the region, in areas where Israel has significant experience and relative advantage, including: water, energy, agriculture, food security, digital systems, and technology.