Smotrich in Washington to Expand Isaac Accords with Latin American Leaders

Israeli Finance Minister Bezalel Smotrich is in Washington for a series of meetings with Latin American leaders aimed at expanding the Isaac Accords, a new diplomatic and economic initiative. The accords, which draw parallels to the Abraham Accords signed with Arab nations, currently include Argentina, Uruguay, Panama, and Costa Rica.

The cooperation under the Isaac Accords is set to concentrate on the sale of Israeli defense systems and military technology. Key areas of focus include maritime security, modernization of police forces, and efforts to combat organized crime and narco-terrorism. This initiative seeks to deepen engagement between Israel and South American countries across various strategic fields.

The foundation for this new framework was laid in November 2025, following a meeting in Buenos Aires between Argentine President Javier Milei and Israeli Foreign Minister Gideon Sa’ar. President Milei has positioned Argentina as a "pioneer" in promoting the initiative alongside the United States.

The financial backbone of the Isaac Accords is bolstered by a $1 million grant from the Genesis Prize, awarded to President Milei in June of the previous year. This fund, managed under the Genesis Prize Foundation, will be instrumental in coordinating budgets, investments, and business relations among Israel, the United States, and participating South American nations.