In September 2024, with $800 million pledged and the Philippines as its headquarters, the Fund for Responding to Loss and Damage, aimed at assisting countries ravaged by climate-driven disasters, appointed Ibrahima Cheikh Diong, a Senegalese finance specialist and dual U.S. citizen, as its first director. The fund, created in 2022 under the United Nations Framework Convention on Climate Change (UNFCCC), is administered by the World Bank and represents a significant win for developing nations that have long advocated for support in combating climate disasters.