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senegalese banker appointed to lead un climate loss and damage fund
Governments have appointed Senegalese banker Ibrahima Cheikh Diong to lead the UN's new fund addressing climate change loss and damage. With extensive experience in infrastructure financing and climate disaster insurance, Diong aims to support vulnerable low-income countries. The fund, which received $660 million in pledges, is set to begin disbursements next year, though concerns remain about its size and sustainability.
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