June 29, 2015 | The Chief Scientist of the Israeli Ministry of Economy Avi Hasson signed a cooperation agreement with the Inter-American Development Bank (IDB). The agreement will seek to open up new business opportunities for Israeli companies in Latin America. IDB is the largest investment authority in Latin America and the Caribbean with 48 member states in the bank, funding projects to the tune of $12 billion annually. The agreement forwards the Ministry’s commitment to cementing business ties in the Americas, an initiative instated two years ago.
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