gs1medium
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 vestment.
- D.UNCTAD funded an 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 in 2015 as a partnership involving multilateral development banks, including the World Bank, which acts as the secretariat. Its primary objective is to help developing countries prepare and structure complex infrastructure projects, particularly Public-Private Partnerships (PPPs), making them more attractive to private investors and institutional capital.
Source: UPSC gs1 2017