PYQ 2017 Q6 · RaahUPSC PYQ

2017 · Current AffairsPrevious Year Question

Q6.

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 Partnership (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

Explanation

The GIF supports Governments in bringing well-structured and bankable infrastructure projects to market. GIF's project support can cover the spectrum of design, preparation, structuring and transaction implementation activities. Along with the World Bank Group, Canada is co-chair of the GIF's Governing Council.