Cross-government Prosperity Fund
China Prosperity Fund Programme - Phase 1
IATI Identifier: GB-GOV-50-PF-02-CHP
Prosperity Fund work in China consists of a portfolio of seven thematic programme areas, separated into three phases. The seven programmes are directly complementary, aligned with China’s key economic priorities and are in areas where the UK has expertise. They are designed to address market failures and weaknesses that impede China’s inclusive economic growth and will help China’s ongoing transition to an inclusive, sustainable and productive economy. The first phase comprises four programmes covering Business Environment, Financial Services, Energy and Low Carbon Economy, and Infrastructure. These programmes are expected to lead to an improved business environment for all firms, a more efficient and inclusive financial system less exposed to significant shocks; China making a quicker transition to a low carbon economy; and increased and more sustainable investment in China and ODA-eligible third markets in higher quality infrastructure projects. As a secondary benefit, the programmes will also produce commercial benefits for international companies, including UK businesses, through an improved business environment in China for firms and investors, as well as through additional trade and investment opportunities in these sectors, where the UK has competitive advantages.
Sectors groups as a percentage of country budgets according to the Development Assistance Committee's classifications.
A comparison across six financial years of forecast spend and the total amount of money spent on the project to date.