Posted by: APO | 26 June 2013

AFDB Director, Hela Cheikhrouhou Appointed Climate Fund Executive Director


AFDB Director, Hela Cheikhrouhou Appointed Climate Fund Executive Director

TUNIS, Tunisia, June 26, 2013/African Press Organization (APO)/ The Director of the Energy and Climate Change department of the African Development Bank (AfDB) (http://www.afdb.org), Hela Cheikhrouhou, has been appointed Executive Director of the Green Climate Fund.

Logo AfDB: http://www.photos.apo-opa.com/plog-content/images/apo/logos/african-development-bank-2.png

Photo: http://www.photos.apo-opa.com/plog-content/images/apo/photos/afdb-directorhela-cheikhrouhou-appointed-climate-fund-executive-director.jpg
(AFDB Director, Hela Cheikhrouhou Appointed Climate Fund Executive Director)

AfDB President, Donald Kaberuka, broke the “good news” at the Board meeting in Tunis on Wednesday, 26 June 2013, citing a release from the Fund’s headquarters in Songdo, Incheon City, and Republic of Korea.

Describing the selection as “good for the Bank and for Africa,” President Kaberuka said the Bank would support Ms. Cheikhrouhou in the accomplishment of her task to leverage the capacity of developing countries to adapt to climate change.

“Hela has performed well in the Bank and I am sure she will even do better at the Fund,” Mr. Kaberuka said.

The Fund announced on Wednesday that the consensus decision on the appointment follows an extensive global recruitment process to select the head of the Fund’s Secretariat, which is currently in its startup phase.

Ms. Cheikhrouhou, a Tunisian national, is credited with success in scaling up the Bank’s green growth and climate resilient investments through an innovative blend of public and private finance.

Educated in Tunisia and Canada, she started her career in the private sector as an investment banker with Citibank, responsible for market risk management in North Africa. She has spent the last ten years working in multilateral development banks, first in the Latin America and Caribbean region of the World Bank, and then for the African Development Bank, initially with the responsibility for growing the Bank’s project finance activities across Africa.

The Green Climate Fund was established to channel support to developing countries to help limit or reduce their greenhouse gas emissions, and to adapt to the unavoidable impacts of climate change. The Executive Director will lead the Secretariat of the Fund, headquartered in Songdo, Incheon City, Republic of Korea, as it establishes itself as the leading funding facility for climate change actions in the developing countries.

The Green Climate Fund was established to channel support to developing countries to help limit or reduce their greenhouse gas emissions, and to adapt to the unavoidable impacts of climate change. The Executive Director will lead the Secretariat of the Fund, headquartered in Songdo, Incheon City, Republic of Korea, as it establishes itself as the leading funding facility for climate change actions in the developing countries.

Distributed by the African Press Organization on behalf of the African Development Bank (AfDB).

For More information go to: http://www.gcfund.net/fileadmin/00_customer/documents/pdf/Press_release_ED_selection_final.pdf

About the African Development Bank Group

The African Development Bank Group (AfDB) (http://www.afdb.org) is Africa’s premier development finance institution. It comprises three distinct entities: the African Development Bank (AfDB), the African Development Fund (ADF) and the Nigeria Trust Fund (NTF). On the ground in 29 African countries with an external office in Japan, the AfDB contributes to the economic development and the social progress of its 53 regional member states.

For more information: http://www.afdb.org

SOURCE

African Development Bank (AfDB)


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