Cairo – Mubasher: IFC, a member of the World Bank Group, said it inked three trade financing agreements with leading banks in the Middle East and North Africa (MENA) to help their clients access international markets and import critical commodities, including raw materials, pharmaceuticals, fertilizers, spare parts, and capital goods.

These included Société Générale de Banque au Liban (SGBL) of Lebanon, and two banks in Egypt - NBK Egypt and Al Baraka Bank.

IFC invested $839 million over 2015 to help banks extend trade financing for their clients, boosting cross border trade and spurring economic development.