UPSC CSE Prelims
Question 62
Which one of the following launched the 'Nature Solutions Finance Hub for Asia and the Pacific'?
View correct answer and explanation
Correct answer: A
Correct Option: A (The Asian Development Bank (ADB))
Explanation: The Asian Development Bank launched the Nature Solutions Finance Hub for Asia and the Pacific to mobilise investment in nature-based solutions, biodiversity and climate adaptation.
Option-wise Analysis:
A: Correct-ADB is the initiative's sponsor.
B: AIIB is a separate infrastructure development bank.
C: New Development Bank is the BRICS-founded bank.
D: IBRD is the World Bank lending arm, not this hub's launcher.