Three former close associates testified as prosecution witnesses that Bankman-Fried had directed them to use FTX customer funds to plug losses at Alameda Research
The fund by IFC, a member of the World Bank Group, will be used finance international trade and to disburse loans for businesses in the export processing zones.
In a statement issued on Monday, the bank said its Managing Director Ahmed Kamal Khan Chowdhury and IFC’s Financial Institutions Group’s South Asia Manager Ariane Di Iorio signed the agreement recently.