Since the beginning of this month, Ibrahima Cheikh Diong has been the Managing Director of the Loss and Damage Fund, which was set up during the World Climate Conference (COP) in Sharm El-Sheikh, Egypt, two years ago. The so-called „Fund for Responding to Loss and Damage“ is intended to provide funds to developing countries that are already severely affected by the effects of climate change. These are to be used to compensate for climate-related damage. Diong, an experienced banker and expert in development work, now heads the fund.