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Question 56

The Global Infrastructure Facility is a/an

AOptions

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.

BSolution

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.

CStrategy

For international financial initiatives, understanding the lead organization, core purpose, and mechanism for achieving its goals is crucial. Look for keywords like "collaboration," "financing," "PPPs," and "mobilization of capital" to identify the correct description.

DSyllabus Analysis

This question falls under Indian Economy and International Relations, specifically international financial institutions and infrastructure development.

EQuestion Analysis

Medium. Requires knowledge of specific international financial initiatives and their functions.