Iraq, Dec. 15 -- The European Bank for Reconstruction and Development (EBRD) has launched its first investment in Iraq, providing a US$ 100 million trade finance facility to the National Bank of Iraq (NBI), the country's largest private bank.This new trade finance limit will contribute to boosting the country's import and export activities. It will support the NBI's trade finance operations by issuing guarantees to confirming banks and offering cash advances for imports, exports and the local distribution of goods under the EBRD's Trade Facilitation Programme (TFP).The facility will also promote greater trade integration in Iraq by extending guarantees and credit lines to mitigate political and commercial payment risks associated with inter...