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UPSC Prelims 2025 GS Paper 1, question 35

Topic: International relations and organisations

Q35

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

  1. (a) The Asian Development Bank (ADB)Correct answer
  2. (b) The Asian Infrastructure Investment Bank (AIIB)
  3. (c) The New Development Bank (NDB)
  4. (d) The International Bank for Reconstruction and Development (IBRD)

Solution.

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

  1. At COP28 in December 2023, the Asian Development Bank (ADB) launched the 'Nature Solutions Finance Hub for Asia and the Pacific'.
  2. The hub aims to attract at least USD 2 billion in blended finance and capital market investments for nature-based solutions across the Asia-Pacific region.