The Global Infrastructure Facility is a/an.

1. ASEAN initiative to upgrade infrastructure in Asia and financed by credit from the Asian Development Bank.
2. 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.
3. 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.
4. UNCTAD funded initiative that seeks to finance and facilitate infrastructure development in the world.

Explanation

Option (b) is correct

• The Global Infrastructure Facility (GIF) is a World Bank collaboration aimed at supporting the development of complex infrastructure projects, particularly those involving Public-Private Partnerships (PPPs).
• It focuses on helping governments prepare and structure projects to attract private sector and institutional investors’ capital, facilitating infrastructure investments globally.
• The GIF acts as a platform for collaboration among governments, multilateral development banks, and the private sector to mobilize resources for infrastructure projects.

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; Difficulty Level: Hard