US Treasury Secretary Scott Bessent and Israeli Finance Minister Bezalel Smotrich agreed to strengthen "dialog mechanisms to enhance collaboration in key areas" in a meeting on Wednesday to discuss the economic partnership between the two countries, the Treasury Department said.
"This is a critical time to shape a new strategic economic future for both countries, reinforcing American global leadership and Israel's role as a key economic partner," the Treasury Department said in a statement.
"To advance shared economic interests, both sides agreed to strengthen dialog mechanisms to enhance collaboration in key areas, including economic policy, technology, and financial regulation," the department added.
Smotrich also met with the head of the Inter-American Development Bank (IDB), Ilan Goldfajn.
The bank invests billions in Latin American countries every year.
Cooperation between Israel and IDB
The two discussed cooperation between Israel and the IDB in addition to strengthening the economic relations between the Jewish State and countries in Latin America.
"I look forward to further strengthening Israel’s economic ties with Latin American countries, leveraging the many opportunities the bank offers for the benefit of the Israeli economy and Israeli innovation," Smotrich said.