China has agreed to buy bonds issued by the International Finance Corporation, an arm of the World Bank, to help finance trade credit, the People’s Bank of China said. The central bank did not give further details about the transaction in a statement on its website on April 1. The IFC’s new trade finance program “aims to provide liquidity support to financial institutions engaged in trade finance by providing them additional credit lines so as to restore the damaged trade finance channels and to fight the global economic recession triggered by the crisis,” the central bank said.