World Bank initiates timeline for Loss and Damage funding
New Delhi, March 20 -- The World Bank on Tuesday launched a page on Loss and Damage fund including the timeline on establishing a Financial Intermediary Fund, or FIF, a multi-partner trust fund established and used by the international community to pool funding from many sources. This will be done by mid-April this year followed by arrangements for hosting the fund by June. At COP28, countries reached a historic agreement on the operationalisation of a fund to address loss and damage associated with the adverse effects of climate change....
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