Which one of the following launched the 'Nature Solutions Finance Hub for Asia and the Pacific?
- AThe Asian Development Bank (ADB)Correct
- BThe Asian Infrastructure Investment Bank (AIIB)
- CThe New Development Bank (NDB)
- DThe International Bank for Reconstruction and Development (IBRD)
Explanation
The Asian Development Bank (ADB) launched the 'Nature Solutions Finance Hub for Asia and the Pacific'. This initiative is part of ADB's broader commitment to scaling up nature-based solutions and biodiversity finance in the Asia-Pacific region.
The hub aims to mobilize private sector investment in nature-based solutions, develop innovative financing instruments for biodiversity conservation, and support countries in the region to integrate natural capital into their development planning and financial systems.
This aligns with ADB's role as a regional development bank focused on sustainable development and climate resilience in Asia and the Pacific region.
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