The Global Infrastructure Facility is a/an
- A.ASEAN initiative to upgrade infrastructure in Asia and financed by credit from the Asian Development Bank.
- B.World Bank collaboration that facilitates the preparation and structuring of complex infrastructure Public-Private Partnerships (PPPs) to enable mobilization of private sector and institutional investor capital.
- C.Collaboration among the major banks of the world working with the OECD and focused on expanding the set of infrastructure projects that have the potential to mobilize private investment.
- D.UNCTAD funded initiative that seeks to finance and facilitate infrastructure development in the world.
▶ Answer & Explanation
Correct answer: B. World Bank collaboration that facilitates the preparation and structuring of complex infrastructure Public-Private Partnerships (PPPs) to enable mobilization of private sector and institutional investor capital.
The Global Infrastructure Facility (GIF) was launched by the World Bank Group, in partnership with multiple countries and international institutions. Its primary objective is to bridge the infrastructure gap by improving the preparation and structuring of complex infrastructure projects, particularly those involving Public-Private Partnerships (PPPs). This enhanced preparation aims to attract private sector and institutional investor capital, thereby facilitating the financing and implementation of critical infrastructure development worldwide.
Source: UPSC gs1 2017