The Global Infrastructure Facility is a/an

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UPSC Prelims is a competitive examination conducted in India. This question is from the 2017 UPSC Prelims Economy paper.

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Question

The Global Infrastructure Facility is a/an

Accepted Answer

Correct Answer: B — World Bank collaboration facilitating PPP infrastructureSolution:The Global Infrastructure Facility (GIF) is a partnership platform hosted by the World Bank Group. Its core purpose is to support governments in bringing well-structured and bankable infrastructure projects to market by facilitating the preparation, structuring, and transaction implementation of complex infrastructure projects — particularly Public-Private Partnerships (PPPs). It draws on the combined expertise of its Technical and Advisory Partners to attract a wide range of private investors and institutional capital into infrastructure sectors across developing countries.Canada serves as co-chair of the GIF's Governing Council along with the World Bank Group.Why other options are incorrect:Option A: GIF is not an ASEAN initiative and is not financed by the Asian Development Bank alone.Option C: GIF is a World Bank-hosted collaboration, not an OECD-centered one.Option D: GIF is not a UNCTAD initiative.Key Concept: The GIF was established to help bridge the global infrastructure gap, particularly in emerging markets. It operates through a hub model, bringing together multilateral development banks, bilateral development finance institutions, and the private sector. It differs from financing bodies like the ADB or NDB — GIF's role is in project preparation and structuring, not direct lending. Understanding such distinctions between international infrastructure institutions is important for UPSC as India's infrastructure financing landscape involves multiple global institutions.

The Global Infrastructure Facility is a/an

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The Global Infrastructure Facility is a/an

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More Questions from Economic Organisations – IMF, World Bank, ADB & BRICS

Frequently Asked Questions