New World Bank Loss and Damage fund names first director


  • World
  • Saturday, 21 Sep 2024

WASHINGTON (Reuters) - 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.

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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