USA withdrew from Loss and Damage Fund (LDF). It was established at which event?
USA withdrew from Loss and Damage Fund (LDF). It was established at which event?
امریکہ نے نقصان اور نقصان کے فنڈ سے دستبرداری اختیار کر لی۔ یہ کس تقریب میں قائم ہوا؟
Explanation
On March 4, 2025, the United States withdrew from the board of the United Nations' Loss and Damage Fund.
The fund was created at the United Nations Climate Conference (COP27) in 2022 in Egypt.
LDF provides financial aid to regions facing losses due to climate change, including rising sea levels, extreme weather and drop failures.
The fund is managed by a Governing Board, with the World Bank as an interim trustee for four years.
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