GS PrelimsEconomyInfrastructure2017

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.

Correct Answer: Option B

Explanation

1. The Global Infrastructure Facility (GIF) is a global platform that coordinates and integrates efforts to boost private investment in infrastructure projects in emerging markets and developing economies. 2. Option (A) is incorrect. It is not solely an ASEAN initiative, nor is it exclusively financed by the Asian Development Bank. It has a global scope. 3. Option (B) accurately describes the GIF. It functions as a World Bank collaboration (managed by the World Bank Group) specifically designed to facilitate the preparation and structuring of complex infrastructure Public-Private Partnerships (PPPs). Its goal is to create commercially viable, bankable projects that can attract private sector and institutional investor capital. 4. Option (C) is incorrect. While major banks and the OECD are involved in global infrastructure finance discussions, this description does not precisely fit the GIF's structure and primary function as a World Bank-led platform for PPP preparation. 5. Option (D) is incorrect. The GIF is not a UNCTAD funded initiative.

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