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    • Opinion
    • Climate Finance

    Opinion: Progress on loss and damage fund shows climate is global priority

    The work to-date to get financing from the Fund for Responding to Loss and Damage to countries most vulnerable to climate change is a clear indicator of global solidarity toward climate action.

    By Ibrahima Cheikh Diong // 17 June 2025

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    The past years have shown that solidarity in climate response remains possible and works. Indeed, the establishment of the Fund for Responding to Loss and Damage, or FRLD, represents a landmark in international cooperation and renewed global solidarity toward climate action.

    Since the decision to operationalize FRLD more than a year ago, significant progress has been made in advancing its mandate — building the capacities of most vulnerable nations in responding to loss and damage and prioritizing swift action in reaching the most affected populations. However, current global projections indicate a stark reality — escalating climate-induced loss and damage far outpace the resources available, underscoring the urgency to capitalize the fund to meet the growing demand.

    The Sixth Assessment Report from the Intergovernmental Panel on Climate Change warned that climate-related loss and damage will continue to worsen, disproportionately affecting vulnerable populations, with over 3.3 billion people already at high risk.

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    The views in this opinion piece do not necessarily reflect Devex's editorial views.

    About the author

    • Ibrahima Cheikh Diong

      Ibrahima Cheikh Diong

      Ibrahima Cheikh Diong, a seasoned development leader and global policy strategist, is the inaugural executive director of the Fund for Responding to Loss and Damage, or FRLD. Prior to this appointment, Diong served as United Nations assistant secretary-general and director-general of the African Risk Capacity, ARC, Group, a specialized agency of the African Union, where he spearheaded institutional reforms and scaled ARC’s work in disaster risk financing across Africa.

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