gs1medium
Which one of the following launched the ‘Nature Solutions Finance Hub for Asia and the Pacific’?
- A.The Asian Development Bank (ADB)
- B.The Asian Infrastructure Investment Bank (AIIB)
- C.The New Development Bank (NDB)
- D.The International Bank for Reconstruction and Development (IBRD)
▶ Answer & Explanation
Correct answer: A. The Asian Development Bank (ADB)
The Nature Solutions Finance Hub for Asia and the Pacific was launched by the Asian Development Bank (ADB) in collaboration with the Global Environment Facility (GEF). Its objective is to mobilize private sector finance for nature-based solutions and conservation projects within the region, addressing critical biodiversity loss and climate change challenges.
Source: UPSC gs1 2025