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Israel, IADB Create $2 trillion Accords Funds

6/3/2026

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Story summary
  • Israel signed a letter of intent with the Inter-American Development Bank to establish two investment funds for the Isaac Accords region.
  • Bezalel Smotrich said Israeli citizens’ savings exceed $2 trillion, so the fund will be self-sustaining and target agriculture, water, energy and digital technology.
  • Bezalel Smotrich credited U.S. President Donald Trump and Argentine President Javier Milei for the accords, cited a $1 million Genesis Prize grant and said flights begin next summer.