The Global Infrastructure Facility is a/an[2017]a)ASEAN initiative to ...
The correct answer is option 'B', which states that the Global Infrastructure Facility (GIF) is a 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. Let's discuss this in detail:
Explanation:
The Global Infrastructure Facility (GIF) is a collaborative platform established by the World Bank in 2014. Its primary objective is to promote and support infrastructure development projects around the world. The GIF works towards mobilizing private sector and institutional investor capital to finance infrastructure projects through the facilitation of complex infrastructure Public-Private Partnerships (PPPs).
The GIF acts as a global platform that brings together governments, private sector investors, and development partners to develop bankable infrastructure projects. It assists in the preparation and structuring of these projects to make them attractive to the private sector. By doing so, the GIF aims to bridge the infrastructure investment gap by mobilizing additional resources and expertise from the private sector.
Key Features of the Global Infrastructure Facility (GIF):
1. Collaboration: The GIF collaborates with various stakeholders including governments, multilateral development banks, private sector investors, and other development partners to identify, prepare, and structure infrastructure projects.
2. Project Preparation: The GIF assists in the preparation of infrastructure projects by providing technical expertise, financial analysis, and capacity building support. It helps to identify and address potential risks and challenges associated with infrastructure investments.
3. Public-Private Partnerships (PPPs): The GIF focuses on facilitating complex infrastructure Public-Private Partnerships (PPPs). These partnerships involve the collaboration between the public and private sectors in financing, constructing, and managing infrastructure projects. PPPs help to leverage private sector capital, expertise, and innovation in infrastructure development.
4. Mobilization of Private Sector Capital: One of the primary objectives of the GIF is to mobilize private sector and institutional investor capital for infrastructure development. By structuring projects in a way that attracts private investments, the GIF aims to bridge the infrastructure investment gap and facilitate sustainable development.
In conclusion, 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). Through its efforts, the GIF seeks to mobilize private sector and institutional investor capital to finance infrastructure projects and bridge the infrastructure investment gap.
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