Israel grants $2Mn to IDB’s LAC cybersecurity initiative
The Government of Israel — through its Ministry of Finance (MoF) and the National Cyber Directorate (INCD) — gave a $2 million grant to the Inter-American Development Bank (IDB) to help establish a new cybersecurity initiative in Latin America and the Caribbean (LAC).
This additional funding will help build cyber capacity across the region and provide officials and policymakers access to the forefront practices and world-leading knowledge and expertise in cyber security.
This initiative is also an additional floor for the cybersecurity efforts carried out since 2016 by the IDB with Israeli support.
It enhances cybersecurity at the national level, strengthens cybersecurity capabilities across different economic sectors providing critical services, and improves organizational capacity to boost cyber defenses.
IDB President Mauricio Claver-Carone thanked Israel and said that this financial support will help position their member countries with “top-tier standards to withstand the most difficult threats.”
Israel’s representative at the IDB’s Board Matan Lev-Ari added that the”successful synergy” between Israel and IDB will provide state-of-the-art tools and knowledge in LAC countries “to assess their cybersecurity needs and tailor effective policy, capacity building and protection strategies.”
Israel is recognized by IDB as a global leader in cybersecurity and digital innovation.
