Bank of Beirut links up with IFCBank of Beirut has become the third bank in Lebanon to join the International Finance Corporation’s Global Trade Finance Program, which supports trade with emerging markets worldwide and promotes the flow of goods and services between developing countries. The IFC provides guaranteed coverage of bank risk, allowing recipients to expand their trade finance transactions within an extensive network of countries and banks and to enhance their trade finance coverage. The Global Trade Finance Program offers confirming banks full or partial guarantees against underlying trade instruments and covers the risk of participating issuing banks. It allows issuing banks to increase the volume and value of trade transactions with enhanced tenors and access to competitive pricing terms.According to Bank of Beirut’s chairman and general manager Salim Sfeir, “Bank of Beirut has long been at the forefront of commercial banking in Lebanon, mainly trade finance, and we