Current set IAS · 2017 Q56

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Q56 (IAS/2017) International Relations & Global Affairs › International Organisations & Groupings › International financial institutions Official Key

The Global Infrastructure Facility is a/an

ASEAN initiative to upgrade infrastructure in Asia and financed by credit from the Asian Development Bank.

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.

Collaboration among the major banks of the world working with the OECD and focused on expanding the set of infrastructure projects that have the potential to mobilize private investment.

UNCTAD funded initiative that seeks to finance and facilitate infrastructure development in the world.

Result

Your answer: — · Correct: B

Explanation

The Global Infrastructure Facility (GIF) was launched by the World Bank in 2014 as a global, open platform that facilitates the preparation and structuring of complex infrastructure PPPs to enable mobilisation of private sector and institutional investor capital.[1] It is a G20 initiative that serves as a global collaboration platform integrating efforts to boost private investment in sustainable, quality infrastructure projects in developing countries and emerging markets.[2] The GIF platform coordinates and integrates the efforts of Multilateral Development Banks (MDBs), private sector investors and governments interested in infrastructure investment in Emerging Markets and Developing Economies (EMDEs).[1]

Option A is incorrect because GIF is not an ASEAN initiative but a G20/World Bank initiative with global scope. Option C is incorrect as it is not specifically a collaboration among major banks working with the OECD. Option D is incorrect because GIF is not UNCTAD-funded; it is a World Bank-led facility supported by multiple donors and development partners.

Sources

[1] Indian Economy, Nitin Singhania .(ed 2nd 2021-22) > Chapter 15: Infrastructure > GLOBAL INFRASTRUCTURE FACILITY > p. 442
[2] https://ppp.worldbank.org/library/global-infrastructure-facility-gif

How others answered

Each bar shows the % of students who chose that option. Green bar = correct answer, blue outline = your choice.

Community Performance

Out of everyone who attempted this question.

43%

got it right

PROVENANCE & STUDY PATTERN

Guest preview

Don’t just practise – reverse-engineer the question. This panel shows where this PYQ came from (books / web), how the examiner broke it into hidden statements, and which nearby micro-concepts you were supposed to learn from it. Treat it like an autopsy of the question: what might have triggered it, which exact lines in the book matter, and what linked ideas you should carry forward to future questions.

Q. The Global Infrastructure Facility is a/an [A] ASEAN initiative to upgrade infrastructure in Asia and financed by credit from the Asian …

At a glance

Origin: Books + Current Affairs Fairness: Moderate fairness Books / CA: 6/10 · 3/10

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This is a classic 'Parent Body + Mandate' question. It rewards aspirants who track major global initiatives beyond just the headlines. The question is fair because the GIF was a flagship World Bank/G20 outcome to address the infrastructure gap, covered in standard economy textbooks like Nitin Singhania.

How this question is built

This question can be broken into the following sub-statements. Tap a statement sentence to jump into its detailed analysis.

Statement 1: Is the Global Infrastructure Facility an ASEAN initiative to upgrade infrastructure in Asia?
Statement 2: Is the Global Infrastructure Facility financed by credit from the Asian Development Bank?
Statement 3: Is the Global Infrastructure Facility a World Bank collaboration?
Statement 4: Does the Global Infrastructure Facility facilitate the preparation and structuring of complex infrastructure public–private partnerships (PPPs)?
Statement 5: Does the Global Infrastructure Facility aim to enable mobilization of private sector and institutional investor capital?
Statement 6: Is the Global Infrastructure Facility a collaboration among the major banks of the world?
Statement 7: Does the Global Infrastructure Facility work with the OECD?
Statement 8: Is the Global Infrastructure Facility focused on expanding the set of infrastructure projects that have the potential to mobilize private investment?
Statement 9: Is the Global Infrastructure Facility funded by UNCTAD?
Statement 10: Does the Global Infrastructure Facility seek to finance and facilitate infrastructure development worldwide?

Statement 1

Is the Global Infrastructure Facility an ASEAN initiative to upgrade infrastructure in Asia?

Origin: Web / Current Affairs Fairness: CA heavy Web-answerable

Web source

Presence: 5/5

"The Global Infrastructure Facility (GIF), a G20 initiative, is a global collaboration platform that integrates efforts to boost private investment in sustainable, quality infrastructure projects in developing countries and emerging markets."

Why this source?

Explicitly identifies GIF as a G20 initiative, not an ASEAN program.
Describes GIF as a global collaboration platform focused on developing countries and emerging markets, indicating a global remit rather than an ASEAN-only scope.

Web source

Presence: 4/5

"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 private sector and institutional investor capital."

Why this source?

Defines GIF as a 'global, open platform' focused on emerging markets and developing economies (EMDEs).
Explains GIF coordinates multilateral development banks, private investors, and governments—showing a multi‑partner global platform rather than an ASEAN‑only initiative.

Web source

Presence: 4/5

"The Global Infrastructure Facility (GIF) is an open, global platform that facilitates"

Why this source?

Calls GIF an 'open, global platform,' reinforcing that its scope is global.
Presented on the ADB site as a general global facility rather than described as an ASEAN-specific program to upgrade Asian infrastructure.

Indian Economy, Nitin Singhania .(ed 2nd 2021-22) > Chapter 15: Infrastructure > GLOBAL INFRASTRUCTURE FACILITY > p. 442

Strength: 5/5

“Launched by World Bank in 2014, the Global Infrastructure Facility (GIF) is a global, open platform that facilitates the preparation and structuring of complex infrastructure PPPs to enable mobilisation of private sector and institutional investor capital. The GIF platform coordinates and integrates the efforts of Multilateral Development Banks (MDBs), private sector investors and governments interested in infrastructure investment in Emerging Markets and Developing Economies (EMDEs). • Mobilising the private sector. • Achieving value for money. • Promoting sustainability and inclusiveness. • Complementing individual partner efforts by supplementing existing resources. GGIF supports governments in design, preparation, structuring, transaction implementation activities, etc. in bringing the well-structured and bankable infrastructure projects to the market.”

Why relevant

Defines the Global Infrastructure Facility (GIF) as launched by the World Bank in 2014 and a global platform for preparing/structuring complex infrastructure PPPs.

How to extend

A student could use this to infer GIF is multilateral/global (World Bank-led) rather than an ASEAN-originated regional initiative, and then check organizational ownership/membership to test the claim.

Indian Economy, Nitin Singhania .(ed 2nd 2021-22) > Chapter 15: Infrastructure > begin{array}{c|c} \hline 2017 \\ \hline \end{array} > p. 466

Strength: 4/5

“\begin{array}{c|c} \hline 2017 \\ \hline \end{array} • 4. With reference to 'National Investment and Infrastructure Fund', which of the following statements is/are correct? • 1. It is an organ of NITI Aayog. • 2. It has a corpus of ₹4,00,000 crore at present. Select the correct answer using the code given below: • (a) 1 only • (b) 2 only • (d) Neither 1 nor 2 • (c) Both 1 and 2 • 5. 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 facilitates the preparation and structuring of complex infrastructure public-private partnerships (PPPs) to enable mobilisation of private sector and institutional investor capital”

Why relevant

Contains a multiple‑choice question that lists as one option the claim that GIF is an 'ASEAN initiative', showing that this specific characterization appears as a distractor/example in exam material.

How to extend

A student could treat this as evidence the 'ASEAN initiative' description is a known alternative/incorrect option and so verify primary sources (e.g., GIF founding statement) to resolve which option is correct.

Indian Economy, Vivek Singh (7th ed. 2023-24) > Chapter 13: International Organizations > 13.15 Asian Infrastructure and Investment Bank (AIIB) > p. 400

Strength: 4/5

“• Established in 2016 and headquartered in Beijing, the Asian Infrastructure Investment Bank (AIIB) is a multilateral financial institution founded to bring countries together to address the daunting infrastructure needs across Asia.• AIIB offers sovereign (Govt.) and non-sovereign (private) financing for sound and sustainable projects in energy and power, transportation and telecommunications, rural infrastructure and agriculture development, water supply and sanitation, environmental protection, and urban development and logistics.• According to the Articles of Agreement of AIIB, the Bank will "provide or facilitate financing to any member, or any agency, instrumentality or political subdivision thereof, or any entity or enterprise operating in the territory of a member, as well as to international or regional agencies or entities concerned with economic development of the Asia region."• Membership in AIIB shall be open to members of the International Bank for Reconstruction and Development (IBRD) or the Asian Development Bank (ADB).• All powers of the Bank are vested with the Board of Governors, which is the highest decision-making body under whom there is Board of Directors, while the Bank is headed by the President.”

Why relevant

Describes the Asian Infrastructure Investment Bank (AIIB) as a regional multilateral institution created specifically to address Asia's infrastructure needs.

How to extend

Use AIIB as an example of a true Asia‑focused/regional infrastructure initiative to contrast with GIF's global/World Bank characterization and help decide which label fits GIF.

Indian Economy, Nitin Singhania .(ed 2nd 2021-22) > Chapter 15: Infrastructure > GLOBAL INFRASTRUCTURE OUTLOOK > p. 443

Strength: 3/5

“• Electricity and roads are the two most important sectors, together they account for more than two-thirds of global investment needs. • The infrastructure investment gap, i.e., the extent to which estimated investment need is greater than investment expected as per current trends, is 10 per cent in Asia. • China accounts for almost 30 per cent of the global infrastructure investment. • India is the second-largest infrastructure market in Asia after China.”

Why relevant

States that Asia has a measurable infrastructure investment gap and that China and India dominate regional infrastructure markets.

How to extend

A student could use the existence of a regional need to argue why both global (World Bank/GIF) and regional (AIIB/ASEAN) initiatives might exist, prompting checking GIF's scope to see if it is specifically ASEAN or broader.

Indian Polity, M. Laxmikanth(7th ed.) > Chapter 88: Foreign Policy > ACT EAST POLICY OF INDIA > p. 612

Strength: 3/5

“2. Act East Policy has placed emphasis on India-ASEAN cooperation in our domestic agenda on infrastructure, manufacturing, trade, skills, urban renewal, smart cities, Make in India and other initiatives. • 3 . The objective of "Act East Policy" is to promote economic cooperation , cultural ties and develop strategic relationship with countries in the Asia-Pacific region through continuous engagement at bilateral, regional and multilateral levels.• 4. The North East of India has been a priority in our Act East Policy. The policy provides an interface between North East India including the state of Arunachal Pradesh and the ASEAN region.• 5”

Why relevant

Notes that India’s 'Act East' policy emphasises India–ASEAN cooperation on infrastructure, illustrating that ASEAN does sponsor or participate in regional infrastructure efforts.

How to extend

A student could take this as a reminder that ASEAN-led or ASEAN‑centric infrastructure programs do exist, and therefore should compare GIF’s founding/leadership to known ASEAN initiatives to test the statement.

Statement analysis