Cross Government Prosperity Fund
The Cross Whitehall Prosperity Fund is a £1.2 billion programme, delivered over 2016-2021, to promote economic reform and development in developing countries. Sustainability is one of the Fund’s key objectives. he Fund is particularly relevant to SDG 8: Promote sustained, inclusive and sustainable economic growth, full and productive employment and decent work for all. Each programme is assessed for how green, inclusive and long lasting interventions are.The Fund provides expertise and technical assistance in sectors and countries where there is the highest potential for inclusive growth, to:
- promote economic reforms and remove barriers to trade
- strengthen policy capacity and build strong institutions
- reform key sectors such as infrastructure, energy, finance, education and healthcare
- tackle corruption
The Fund is accountable to, and given strategic direction by, the National Security Council. It will draw on expertise from across government in order to support all of government’s prosperity objectives. It represents a step change to HMGs work on promoting growth in ODA eligible countries, and will be rigorously monitored to maximize impact and value for money.
£1.2 billion Prosperity Fund from 2016 to 2021