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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 is option 'B'. Can you explain this answer?
Verified Answer
The Global Infrastructure Facility is a/ana)ASEAN initiative to upgrad...
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, drawing on the combined expertise of the GIF’s Technical and Advisory Partners and focusing on structures that are able to attract a wide range of private investors.
Along with the World Bank Group, Canada is co-chair of the GIF’s Governing Council.
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The Global Infrastructure Facility is a/ana)ASEAN initiative to upgrad...
Global Infrastructure Facility: A World Bank Collaboration to Facilitate Complex Infrastructure PPPs

The Global Infrastructure Facility (GIF) is a World Bank collaboration that aims to facilitate the preparation and structuring of complex infrastructure Public-Private Partnerships (PPPs). Its primary objective is to enable the mobilization of private sector and institutional investor capital into infrastructure projects in developing countries.

Here are some key points about the GIF:

- The GIF was launched in 2015 at the United Nations Financing for Development Conference in Addis Ababa, Ethiopia.
- It is a multi-stakeholder platform that brings together governments, private sector investors, development banks, and other stakeholders to identify, prepare, and structure infrastructure projects that can attract private investment.
- The GIF provides technical assistance, advisory services, and funding to help project sponsors and governments develop infrastructure projects that are bankable, sustainable, and socially responsible.
- The GIF focuses on sectors such as energy, transport, water, and information and communication technology (ICT) that are critical for economic growth and poverty reduction.
- The GIF is funded by the governments of Australia, Canada, China, Japan, Korea, and the United Kingdom, as well as the European Commission, the Global Environment Facility, and the World Bank.

Benefits of the GIF

The GIF has several benefits for developing countries and private sector investors:

- It helps developing countries identify and prepare high-quality infrastructure projects that can attract private sector investment, which can help address the infrastructure financing gap in many countries.
- It provides technical assistance and advisory services to help project sponsors navigate the complex process of structuring and financing PPPs, which can be challenging for many developing countries.
- It can help reduce risks for private sector investors by providing guarantees, insurance, and other risk mitigation instruments that can help attract more private investment into infrastructure projects.
- It can help promote sustainable and socially responsible infrastructure development by incorporating environmental and social safeguards into project design and implementation.

Conclusion

The GIF is an important initiative that can help mobilize private sector investment into infrastructure projects in developing countries. By providing technical assistance, advisory services, and funding, the GIF can help governments and project sponsors develop bankable, sustainable, and socially responsible infrastructure projects that can drive economic growth and reduce poverty.
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The Global Infrastructure Facility is a/ana)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 is option 'B'. Can you explain this answer?
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