Cross-government Prosperity Fund
Government Administration - London, England, United Kingdom
Cross-government Prosperity Fund Employees
Cross-government Prosperity Fund Details
The Prosperity Fund aims to reduce poverty through inclusive economic growth and development. The Fund also looks to create opportunities for international business including UK companies as a result of this economic growth, as a secondary benefit.The Funds focus is on ODA-eligible (Official Development Assistance) middle-income countries where 70% of the world's poor live and where 60% of global growth will come from by 2030 (OECD). The Fund's budget is £1.2 billion over 6 years which ministers have allocated across a portfolio of strategic projects.The Prosperity Fund forms a strategic proportion of the UK's total Official Development Assistance (ODA) commitment of 0.7% of Gross National Income (GNI). It represents a strategic shift in the ODA resources spent on assisting countries to grow and develop by focusing on multi-year programmes in middle-income countries, which will help to make the world a more prosperous place.
