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, Paralel.Az 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.