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 unbilisation of private sector and institutional investor capital.
C) Collaboration among the major banks of the world working with OECD and focused an expanding the set of infrastructure projects that have the potential to mobilise private investment.
D) UNCTAD funded initiative that seeks to finance and facilitate infrastructure development in the world.
Correct Answer: B
Solution :
Exp. [b] The World Bank (WB) has launched the GIF to specifically cater to the infrastructure needs of the emerging economies and developing countries. The GIF will channel money towards bankable infrastructure project in such countries. GIF also places importance on sustainable development. Its' key focus will be on climate friendly infrastructure investments and projects that will boost trade. The GIF will collaborate with other international and multilateral agencies which provide loans and financial assistance to countries across the globe. It will also help these agencies with its expertise in financing, supervising and implementing projects.
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