UPSC Previous Year Question | Prelims GS | 2017

The Global Infrastructure Facility is a/an

  1. ASEAN initiative to upgrade infrastructure in Asia and financed by credit from the Asian Development Bank.
  2. 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.
  3. 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.
  4. UNCTAD funded initiative that seeks to finance and facilitate infrastructure development in the world.

Answer

Correct Answer

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.

Explanation

The Global Infrastructure Facility (GIF) is a World Bank Group-led collaboration platform that helps governments prepare and structure complex infrastructure PPP projects to attract private and institutional capital.

Topics: economy, gif nature and purpose, global infrastructure facility, global infrastructure financing initiatives