The IFC has invested USD 839 mn over the last fiscal year in the Middle East and North Africa “to help banks extend trade financing for their clients, boosting cross border trade and spurring economic development,” according to an emailed statement. The IFC says it inked three trade finance agreements in FY2016 with Société Générale de Banque au Liban in Lebanon and NBK Egypt and Al Baraka Bank in Egypt “to help their clients access international markets and import critical commodities, including raw materials, pharmaceuticals, fertilizers, spare parts, and capital goods.”