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. ✓ UPSC's answer
- (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.
Why the answer is (b)
• The Global Infrastructure Facility (2014) is a World Bank Group partnership with governments, multilateral banks and private investors that helps prepare, structure and bring to market complex infrastructure PPPs so that private and institutional capital can be mobilised — option (b).
• It is not an ASEAN/ADB scheme (a), an OECD bank collaboration (c) or UNCTAD-funded (d).
• Hence option (b).
Why the other options are wrong
- (a) ASEAN initiative to upgrade infrastructure in Asia and financed by credit from the Asian…
- GIF is not an ASEAN/ADB initiative.
- (c) Collaboration among the major banks of the world working with the OECD and focused on…
- GIF is not an OECD-linked bank collaboration.
- (d) UNCTAD funded initiative that seeks to finance and facilitate infrastructure development…
- GIF is not UNCTAD-funded.
Asked in the GS Paper I of the UPSC Civil Services Preliminary Examination 2017, held on 18 June 2017. Question and answer key: Union Public Service Commission. Explanation: UPSC Answer Check.