The Global Infrastructure Facility is a/an

The Global Infrastructure Facility is a/an

ASEAN initiative to upgrade infrastructure in Asia and financed by credit from the Asian Development Bank.
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.
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.
UNCTAD funded initiative that seeks to finance and facilitate infrastructure development in the world.
This question was previously asked in
UPSC IAS – 2017
The correct answer is 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.
The Global Infrastructure Facility (GIF) is a collaborative platform led by the World Bank Group. Its primary role is to support developing countries in preparing and structuring viable, bankable infrastructure projects, particularly Public-Private Partnerships (PPPs), to attract and mobilize private sector investment.
The GIF was launched in 2014 by the World Bank Group in partnership with G20 nations and other multilateral development banks, private sector investors, and governments. It acts as a global platform that pools expertise and resources from its partners to address the constraints in the early stages of complex infrastructure PPP project development in developing countries. It focuses on project preparation support rather than directly providing financing for construction.
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