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Australian contribution to the World Bank Group's Global Infrastructure Facility
THE HON J. B. HOCKEY Treasurer
THE HON JULIE BISHOP Minister for Foreign Affairs
19 April 2015
AUSTRALIAN CONTRIBUTION TO THE WORLD BANK GROUP’S
GLOBAL INFRASTRUCTURE FACILITY
This week the Minister for Foreign Affairs, Julie Bishop, and I announced that Australia will
provide $25 million to the World Bank Group’s Global Infrastructure Facility (GIF).
The GIF will facilitate greater private sector investment in the infrastructure of emerging market
and developing countries.
It aims to do this through complex public-private partnerships focused on projects with
The GIF will focus on both ‘upstream’ advice to create the right investment environments and
‘downstream’ assistance on financial structures.
In addition, the GIF will increase collaboration between multilateral development banks,
governments and the private sector to support increased infrastructure investment by the private
The strong partnership between the Australian Government and the World Bank on the GIF
underscores our commitment to lift investment in global infrastructure, a critical component to
ensuring economic growth and poverty alleviation.
Our partnership with the World Bank also extends to the Global Infrastructure Hub based in
Sydney which will work closely with the GIF.
Both the GIF and the Hub represent strong legacies from Australia’s international leadership
during our G20 Presidency in 2014, which will deliver greater growth in infrastructure for
Australia and the world.
MEDIA CONTACTS: Jennifer Clark (Treasurer’s Office)
0402 970 419
Rachel Obradovic (Minister for Foreign Affairs’ Office)
0478 488 874