World Bank 'invested over $10.5bn in fossil fuels since Paris Agreement'; Kosmos borrowing base drops to $1.32bn amid COVID-19 crisis; Finastra unveils Fusion Payments To Go

In today's daily round-up of export, trade and commodity finance news, TXF's Max Thompson covers the latest stories and trends across the market:

• The World Bank Group has invested over $12 billion in fossil fuels since the Paris Agreement - $10.5 billion of which were new direct fossil fuel project finance, according to a new report

• US upstream oil company Kosmos Energy has completed the re-determination of its reserve based lending credit facility, resulting in a borrowing base capacity of $1.32 billion

• Finastra has unveiled Fusion Payments To Go – its payments solution aimed at small and medium-sized banks looking to implement domestic and cross-border payment services in Europe, the US and South Africa

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