UPSC Prelims 2017·GS1·economy·economic sectors and development

The Global Infrastructure Facility is a/an

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Last updated 23 May 2026, 3:31 pm IST
  1. AASEAN initiative to upgrade infrastructure in Asia and financed by credit from the Asian Development Bank.
  2. BWorld 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
  3. CCollaboration 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. DUNCTAD funded initiative that seeks to finance and facilitate infrastructure development in the world.

Explanation

The Global Infrastructure Facility (GIF) is indeed a platform that brings together multilateral development banks (MDBs), private sector investors, and governments to address the challenges of infrastructure development. It is a World Bank Group initiative aimed at facilitating the preparation and structuring of complex infrastructure projects, particularly those involving Public-Private Partnerships (PPPs), to attract and mobilize private sector and institutional investor capital. This aligns precisely with option B, describing its core function and collaborative nature.
economy: The Global Infrastructure Facility is a/an
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