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New World Bank Loss and Damage fund names first director

New World Bank Loss and Damage fund names first director
# 21 September 2024 22:04 (UTC +04:00)

The board of The Fund for responding to Loss and Damage to help countries ravaged by climate-driven disasters named Senegalese finance specialist Ibrahima Cheikh Diong as its first director, the World Bank announced on Saturday, APA reports citing Reuters.

The selection of Diong, a dual U.S. citizen, marks a major milestone in the operationalization of the new World Bank-administered fund, whose creation in 2022 was a breakthrough for developing country negotiators at United Nations climate talks, overcoming years of resistance from wealthy nations.

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THE OPERATION IS BEING PERFORMED