20 May, 2019
Signature of the Memorandum of understanding and cooperation between the International Development Bank and the International Funding Institution

A celebration for the Signature of the Memorandum of understanding and cooperation between the International Development Bank and the International Funding Institution, a branch of the International Bank in financing and investments, was held at the Four Seasons Hotel in Beirut, Lebanon capital.

This agreement aims to enhance the bank position locally as well as internationally through expanding the range of banking services and participating in revitalizing all trade finance operations, especially after that the bank adopted building comprehensive strategies and applying the principles of institutional governance, invested in systems as well as infrastructure for banking technology and kept its remarkable financial position, which is an important part to be added to the chain of achievements reached in the past years and which is based on the strategic partnerships contract with international financial institutions.
This Memorandum of Understanding will also help in catering to the needs to both private and public sectors in trade finance operations and economic support.