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November 7, 2024

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Senegalese banker Ibrahima Cheikh Diong picked to lead new loss and damage fund

Governments have chosen veteran Senegalese banker Ibrahima Cheikh Diong to lead the new United Nations’ fund for responding to the loss and damage caused by climate change. Diong’s diverse background in development banking, government and insurance against climate disasters in Africa makes him a perfect fit for this role.

During a meeting in Azerbaijan’s capital Baku last week, the fund’s board – consisting of government officials – officially appointed Diong, an honourable and experienced leader. This appointment was announced on Saturday.

Board co-chair Richard Sherman stated that Diong’s selection “reflects the seriousness of the multilateral resolve to address the urgent impacts of loss and damage in countries that are particularly vulnerable to the adverse effects of climate change”. This decision reinforces the commitment of the international community to tackling the devastating consequences of climate change.

In his role, Diong will provide crucial support to low-income developing countries that are most affected by climate change. His previous experience in China, the United States, the UK, Africa, and the Arab world has equipped him with a global perspective and the ability to understand the distinct challenges faced by different regions.

Diong’s education in civil engineering from Hohai University in Nanjing, China, and his thesis on the design of a hydropower dam, demonstrate his technical expertise in infrastructure development. He has also played a key role in raising funds for various infrastructure projects in Senegal, including airports and power plants.

Moreover, Diong’s recent efforts to expand insurance for climate disasters in Africa and his advisory role to governments on handling and preventing such calamities make him a valuable asset in this new position.

Fluent in English, French, Mandarin and Wolof, Diong’s language skills have enabled him to communicate effectively with diverse communities. This will be crucial in building partnerships and collaborations with different stakeholders to address the loss and damage caused by climate change.

His globe-trotting career and diverse skill set make Diong an ideal and competent leader for the United Nations’ fund. As the world faces a critical need to address climate change, it is reassuring to have a capable and experienced individual at the helm of this important initiative

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