All exams GA
In one line
Source: TH
Context:
The U.K.–India Infrastructure Financing Bridge (UKIIFB), launched in September 2024, completed its first year. On its anniversary in London, the initiative released a report recommending policy reforms to de-risk investments in India’s infrastructure sector.
About UKIIFB
- A bilateral platform to mobilise global private capital for India’s sustainable infrastructure.
- Launched in September 2024 during the India–UK Economic and Financial Dialogue.
- Lead institutions: NITI Aayog (India) & City of London Corporation (U.K.).
Objectives:
- Mobilise international private sector investments into Indian infrastructure.
- Align Indian procurement with global best practices (UK’s Five Case Model).
- Ensure compliance with ESG standards.
- Address barriers like revenue risks, taxation, and capital repatriation issues.
Functions:
- Provide policy recommendations for transparency and competitiveness in project financing.
- Develop knowledge frameworks for sustainable and climate-resilient infrastructure.
- Support joint planning & structuring of projects (roads, metros, renewable energy).
- Promote green finance and climate-resilient models.
