💨 Abstract

The World Bank announced Ibrahima Cheikh Diong, a Senegalese finance specialist and dual U.S. citizen, as the first director of the Fund for responding to Loss and Damage, a new World Bank-administered fund aimed at assisting countries suffering from climate-driven disasters. The selection marks a significant milestone in the operationalization of the fund, which received $800 million at last year's COP28 climate summit.

Courtesy: theprint.in

Summarized by Einstein Beta 🤖