The Global Infrastructure Facility is a/an

[UPSC Civil Services Exam – 2017 Prelims]

(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: (b)        

Explanation:

Global Infrastructure Facility (GIF):

• GIF was launched by the World Bank to cater to the infrastructure needs of countries.
• The Global Infrastructure Facility (GIF) is a global, open platform that facilitates the preparation and structuring of complex infrastructure public-private partnerships (PPPs) to enable mobilization of the private sector and institutional investor capital. (Hence Option 2 is correct)