Set the Instant Pot to Saute mode and add the olive oil.
Add the onion and cook, stirring occasionally, until starting to soften, about 3 minutes.
Add the garlic, cumin, chili powder, paprika, oregano and salt. Cook for 30 seconds. Turn off the Instant Pot.
Pour in the vegetable broth, water, dried black beans and rice, and stir.
Put the lid on the Instant Pot, close the steam vent and set to HIGH pressure. Adjust the time to 30 minutes. The Instant Pot will take approximately 15 minutes to come to pressure.
Let the pressure release naturally for 10 minutes, then release the pressure the rest of the way.
Squeeze in the the lime juice, fluff the rice and beans with a fork and season to taste. Serve with the avocado salsa.
The Salsa:
While the rice and beans are cooking, stir together the avocado, lime juice, tomato, cilantro, jalapeno and salt.
Notes
Please note that I am not a medical or nutritional professional. I provide nutritional information for my recipes as a courtesy to my readers. It is calculated using the LoseIt! calculator. While I attempt to provide information that is as accurate as possible, you should calculate the nutritional information independently before relying on it.