UPSC Prelims 2017 Question:

The Global Infrastructure Facility is a/an

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