Question
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 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.
Answer:
B
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Explanation:
The Global Infrastructure Facility (GIF) is a World Bank initiative that aims to promote infrastructure development through Public-Private Partnerships (PPPs). It provides support in the preparation and structuring of complex infrastructure projects, with a focus on mobilizing private sector and institutional investor capital.
The GIF works closely with governments, multilateral development banks, private sector investors, and other stakeholders to help design and implement sustainable infrastructure projects. It aims to address the financing and technical challenges associated with infrastructure development and promote inclusive and sustainable growth.