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UK Government Prosperity Fund: Strengthening Global Resilience and Prosperity

Explore the UK Aid Policy 2015, the objectives of the Prosperity Fund program, and its impact on global peace, security, governance, and poverty reduction. Learn about the strategic programs and initiatives in partner countries to foster economic reform and development while promoting international business opportunities.

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UK Government Prosperity Fund: Strengthening Global Resilience and Prosperity

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  1. The changing nature of UKAID-the Prosperity Fund Ken Grant

  2. Strengthening global peace, security and governance; Strengthening resilience and response to crisis; Promoting global prosperity; Tackling extreme poverty. UK Aid Policy 2015- four new strategic objectives Mott MacDonald | Seminar Series 3

  3. What is the Prosperity Fund? The UK Government Prosperity Fund is a £1.2 billion programme (i) to promote economic reform and development in eligible partner countries, contributing to poverty reduction, global prosperity and (ii) creating opportunities for international business, including UK companies. A step change in HMG approach to overseas aid in support of economic prosperity. OFFICIAL

  4. PF Rationale – numbers and principles 70 the percentage of the world’s poor, living in middle income countries 50the percentage of global growth that will be generated by MICs 50Article 50: the UK is leaving the European Union • Cross-Government approach • Impact • Value for Money • Official Development Assistance OFFICIAL

  5. Global Programmes (Country list under development) Anti-Corruption: Brazil, Colombia, Indonesia, Kenya, Mexico, Nigeria, Pakistan Business Environment: Brazil, Indonesia, Nigeria, Pakistan, South Africa and Turkey Trade Programme: Brazil, China, India, Indonesia, Kenya, Malaysia, Mexico, Nigeria, Philippines, South Africa, Thailand, Turkey, Vietnam and other high priority countries as appropriate Infrastructure Capacity Building: Colombia, Indonesia and Vietnam Asian Infrastructure Investment Bank (AIIB): Asian ODA-eligible countries Concessional Export Credit: Possibly Kenya, Bangladesh, Burma, India, Pakistan, Nigeria, Vietnam Digital Access: Brazil, Indonesia, Kenya, Nigeria and South Africa Global Education Programme: TBC from Bangladesh, Brazil, Egypt, Indonesia, Malaysia, Mexico, Nigeria, Philippines, South Africa, Thailand, Vietnam Centre for Global Disaster Protection: Likely Bangladesh, Indonesia, Kenya, Pakistan and the Philippines. Global Health: Mexico, Brazil, SE Asia region Future Cities: Kenya, Nigeria, Turkey, Brazil, SE Asia region Prosperity Fund programmes in development China Prosperity Programmes: Phase I – Rule of Law (Business) Financial Services Energy and Low carbon Infrastructure Phase II – Health, Future Cities and Skills. Colombia Economic Opportunities Programme – Infrastructure, Agri-tech, Institutional Capacity Building India Economic Reform Programme – Financial Services, Energy, Business Environment, Infrastructure, Future Cities National Infrastructure Investment (NIIF) Mexico Prosperity Programme – Financial Services, Business Environment, Energy and Future Cities Indonesia Renewable Energy & Business Environment programme Brazil Prosperity Programme – Trade, Energy and Financial Services, Future Cities SE Asia Low carbon Energy programme and Economic Reform programme Recent additions: Turkey (country programme) Investment Promotion Programme: South Africa, Nigeria, Pakistan, India. Global Finance for Inclusive Growth: India, Pakistan, Bangladesh, South Africa, Nigeria, Kenya, Morocco and Lebanon. Education (top up of current programme to Nigeria and Kenya)

  6. Health in the Prosperity Fund • Approx. £65 million • Framework agreement –but linked to exporting UK expertise • 9 countries- South Africa, Brazil, Mexico, Malaysia, Philippines, Thailand, Vietnam, Burma and Peru. • 4 Pillars – • NCD Strategy • Provider Quality Improvement • Digital Health • Education and Training

  7. Separate China Programme • Primary and elderly care • Hospital reform • Improving life science policy

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