Question

UPSC Prelims 2017 Question:

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 Partnership (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 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.

Answer (Detailed Solution Below)

Option 2: World Bank collaboration that facilitates the preparation and structuring of complex infrastructure Public-Private Partnership (PPPs) to enable mobilization of private sector and institutional investor capital.

Detailed Solution

Explanation:

The Global Infrastructure Facility (GIF) is a global, open platform that facilitates the preparation and structuring of complex infrastructure Public Private Partnerships (PPPs) to enable mobilization of the private sector and institutional investor capital. The GIF platform coordinates and integrates the efforts of Multilateral Development Banks (MDBs), private sector investors and financiers and governments interested in infrastructure investment in Emerging Markets and Developing Economies (EMDEs).
GIF works with various multilateral development banks that serve as implementing partners for GIF-supported projects. These include the African Development Bank, Asian Development Bank, Asian Infrastructure Investment Bank, European Bank for Reconstruction and Development, European Investment Bank, Inter-American Development Bank, International Finance Corporation, Islamic Development Bank, Multilateral Investment Guarantee Agency and World Bank.

Therefore, option (2) is the correct answer.

Subject: Economics | Economic Organisations and Conventions

Latest UPSC Exam 2026 Updates

Last updated on Sep, 2026

→ UPSC 2027 Notification will be released on 13 January 2027 at upsconline.nic.in.

Tags: current affairs UPSC Prelims 2017 UPSC Prelims 2017 Question

Prafulla Vats

Prafulla Vats is an experienced SEO and content strategist with over 4 years of expertise in driving organic growth across education and service niches. He specializes in crafting data-driven content strategies that help students and professionals access accurate, well-researched information. Through his work, he focuses on improving visibility, engagement, and trust through high-quality, SEO-optimized content.