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: (a) The Asian Development Bank (ADB)

Explanation:

The Asian Development Bank (ADB) launched the Nature Solutions Finance Hub for Asia and the Pacific to scale up financing for nature-based solutions. The initiative aims to mobilize public and private capital to address challenges such as climate change, biodiversity loss, ecosystem degradation, and disaster risk reduction in the Asia-Pacific region.

The Hub supports projects related to sustainable land use, coastal protection, water security, and ecosystem restoration, while also strengthening policy frameworks and technical capacity in member countries.

Answer: (a) The Asian Development Bank (ADB)