The Global Infrastructure Facility is a/an
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UPSC CSP Previous Year Paper (2017)
ASEAN initiative to upgrade infrastructure in Asia and financed by credit from the Asian Development Bank.
Incorrect AnswerWorld 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.
Correct AnswerCollaboration 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.
Incorrect AnswerUNCTAD funded initiative that seeks to finance and facilitate infrastructure development in the world.
Incorrect AnswerExplanation:
The Global Infrastructure Facility (GIF) was launched by the World Bank to cater to infrastructure needs of countries.It is a global, open platform that facilitates the preparation and structuring of complex infrastructure public private partnerships (PPPs) to enable mobilization of private sector and institutional investor capital. The GIF platform coordinates and integrates the efforts of Multilateral Development Banks (MDBs), private sector investors and financiers, and governments interested in infrastructure investment in Emerging Markets and Developing Economies (EMDEs).
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By: Abhipedia