World Bank plans $170bn financing to ease ‘multiple crises’; Glencore issues force majeure on DRC cobalt supply; EBRD’s first investment under new green financing facility in Turkey

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:

• EBRD is supporting Turkey’s transition to an environmentally sustainable, low-carbon and climate-resilient economy through new Green Economy Financing Facility in the country

• Glencore, the world's largest cobalt producer, is unable to fulfill contractual deliveries of cobalt hydroxide out of the Democratic Republic of Congo after severe flooding in South Africa hit warehoused goods and impacted logistics

• The World Bank is preparing a $170 billion package of financial help in response to the overlapping global crises of war, pandemic and inflation that are hitting the poorest countries particularly hard, its president has said

Like what you hear? Hit subscribe to stay up to date and for all the latest news online visit www.txfnews.com today.