African Development Bank official elected as GCF's inaugural executive director

INCHEON, June 26 (Yonhap) -- Hela Cheikhrouhou, a director at the African Development Bank, was elected Wednesday as the U.N. Green Climate Fund (GCF)'s first executive director.

A Tunisian national, Cheikhrouhou currently serves as director of the energy, environment and climate change department at the African Development Bank. She has years of experience in multilateral development banks, including the World Bank where she worked on the Latin America and Caribbean region.

Cheikhrouhou was elected in a consensus decision by the 24-member GCF board that convened in this city 40 kilometers west of Seoul from Tuesday for a four-day meeting. South Korea was chosen in October to host the GCF, a fund set up within the U.N. Framework Convention on Climate Change to help developing countries counter climate change.

"I look forward to working under the guidance of the board and in collaboration with our stakeholders," Cheikhrouhou said. "Together we can make the fund a central contributor to the global financing of developing countries' response to climate change, with particular attention to the most vulnerable."

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