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UPSC 2017: 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.
(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.
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Not attemptedCorrect Answer: (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 GIF was set up under the World Bank Group in 2014/15 as a collaborative platform that helps governments prepare and structure complex infrastructure PPPs so that private and institutional capital can be mobilised. This corresponds exactly to option (b); the other options describe initiatives that do not match the mandate or sponsorship of the GIF. ([worldbank.org](https://www.worldbank.org/en/news/speech/2016/10/19/partnering-with-the-world-bank-group-for-a-just-and-peaceful-world?utm_source=openai))
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What is the correct answer to this UPSC 2017 Indian Economy question?▼
The correct answer is option (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.. Watch the detailed video explanation in our Sherlocking Prelims course on UnlockIAS.
Which year was this International Institutions & Reports question asked in UPSC Prelims?▼
This question was asked in UPSC CSE Prelims 2017, GS Paper 1, as Question 56. It falls under Indian Economy > International Institutions & Reports.
What is the difficulty level of this UPSC question?▼
This question is rated "easy". It tests basic recall and most well-prepared aspirants should answer it correctly.
How many UPSC Prelims questions have been asked from International Institutions & Reports?▼
UPSC has asked 39 questions from International Institutions & Reports (under Indian Economy) across multiple years. Visit the topic page to see the full list and year-wise trends.