Q. Consider the following statements regarding “Social Impact Fund”:
1.It is an initiative of the World Bank. 2.
The SIF India has pledged an initial commitment of 25 billion USD.
Which of the statements given above is/are correct?

[A] 1 only

[B] 2 only

[C] Both 1 and 2

[D] Neither 1 nor 2

Answer: D
Notes:

Explanation: Social Impact Fund (SIF) is envisioned as a government led multi-stakeholder initiative to fast-track DPI implementation in the global south.

  • Its aim is to offer a platform for all stakeholders to contribute to this fund and help accelerate the achievement of the Sustainable Development Goals (SDGs) in Low- and Middle-Income Countries (LMICs) through DPIs.
  • To provide upstream technical and non-technical assistance to countries in developing DPI systems.
  • The SIF India has pledged an initial commitment of 25 million USD.

Source: FORUMIAS

Blog
Academy
Community