Global Infrastructure Facility
Question
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.
Options
ASEAN initiative to upgrade infrastructure in Asia and financed by credit from the Asian Development Bank.
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.
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.
UNCTAD funded initiative that seeks to finance and facilitate infrastructure development in the world.
Explanation
The Global Infrastructure Facility (GIF) is a World Bank–led initiative that facilitates the preparation and structuring of complex infrastructure projects, particularly through Public-Private Partnerships (PPPs). It works to mobilize capital from both the private sector and institutional investors for infrastructure development. Option (a) is incorrect as it is not an ASEAN-specific initiative. Option (c) is partially descriptive but misses the PPP focus and World Bank coordination. Option (d) is incorrect as UNCTAD is not the funding source. The GIF was established to help countries structure bankable infrastructure projects that can attract private investment and institutional capital, making option (b) the most accurate description. > GIF = World Bank-led PPP Facilitator for Infrastructure Project Structuring & Private Capital Mobilization.
Answer: (b).
Question details
Year
2017
Paper
GS Paper 1
Question
Q56
Subject
International Relations
Sub-topic
International financial institutions
Type
Factual single
Difficulty
Medium
Nature
Current-affairs-linked
Source hint
Current Affairs 2015-2017
See all questions on International financial institutions
Browse every tagged question across all years