Ibrahima Cheikh Diong Appointed First Director of the Fund for Responding to Loss and Damage
| Topic | Details |
|---|---|
| Fund Name | Fund for Responding to Loss and Damage |
| Purpose | Assist countries affected by climate-driven disasters |
| First Director | Ibrahima Cheikh Diong (Senegalese finance specialist, dual U.S. citizen) |
| Established | 2022 under the United Nations Framework Convention on Climate Change (UNFCCC) |
| Administered by | World Bank |
| Headquarters Location | Philippines |
| Funding Pledged | $800 million at COP28 in Dubai |
| Upcoming Event | COP29 summit in Baku, Azerbaijan (further financial contributions expected) |
| Key Context | Loss and damage funding is a contentious issue in U.N. climate negotiations, especially between developed and developing nations. |
| Key Quote | "The Fund for Responding to Loss and Damage will make a significant difference to those disproportionately affected, and I take this responsibility with humility and a full commitment to serve." |