Q. ‘BioCarbon Fund Initiative for Sustainable Forest Landscapes’ is managed by the
- (a) Asian Development Bank
- (b) International Monetary Fund
- (c) United Nations Environment Programme
- (d) World Bank
Answer: (d) World Bank
Notes:
- The BioCarbon Fund ISFL is a multilateral facility, supported by donor governments and managed by the World Bank.
- It seeks to promote reduced greenhouse gas emissions from the land sector, from deforestation and forest degradation in developing countries (REDD+), and from sustainable agriculture, as well as smarter land-use planning, policies and practices.
World Bank
- The World Bank is an international financial institution that provides loans and grants to the governments of poorer countries for the purpose of pursuing capital projects.
- It comprises two institutions: the International Bank for Reconstruction and Development, and the International Development Association.
- It is headquartered in Washington, D.C., United States.
Asian Development Bank
- The Asian Development Bank is a regional development bank established on 19 December 1966.
- It is headquartered in Mandaluyong, Manila, Philippines.
- It aims to promote social and economic development in Asia.
- ADB is committed to achieving a prosperous, inclusive, resilient, and sustainable Asia and the Pacific while sustaining its efforts to eradicate extreme poverty.
International Monetary Fund
- The International Monetary Fund (IMF) is an organization of 189 member countries.
- It was created in 1945.
- The IMF’s primary purpose is to ensure the stability of the international monetary system.
- It is headquartered in Washington, D.C., United States.
United Nations Environment Programme
- The United Nations Environment Programme is responsible for coordinating the UN’s environmental activities and assisting developing countries in implementing environmentally sound policies and practices.
- It is headquartered in Nairobi, Kenya.