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 facilities the preparation and structuring of complex infrastructure Public- Private Partnership (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 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.
Answer: B
Explanation
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.