Civil Services Prep

Prelims 2025 · Environment · Question 15

Which one of the following launched the 'Nature Solutions Finance Hub for Asia and the Pacific'?

  1. The Asian Development Bank (ADB)
  2. The Asian Infrastructure Investment Bank (AIIB)
  3. The New Development Bank (NDB)
  4. The International Bank for Reconstruction and Development (IBRD)

Answer

The Asian Development Bank (ADB)

  • (a) Asian Development Bank (ADB): Correct. ADB launched the Nature Solutions Finance Hub for Asia and the Pacific to scale finance for nature-based solutions and biodiversity in the region.
  • (b) Asian Infrastructure Investment Bank (AIIB): Incorrect. AIIB works on sustainable infrastructure, but this specific hub was not launched by AIIB.
  • (c) New Development Bank (NDB): Incorrect. NDB finances infrastructure and sustainable development in BRICS and beyond, but it did not launch this hub.
  • (d) International Bank for Reconstruction and Development (IBRD): Incorrect. IBRD is part of the World Bank Group; this initiative is not attributed to it.

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

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