Aid by Sector
UK - Foreign, Commonwealth and Development Office
Through the Prosperity Fund the UK works with China to address big global challenges, and promote sustainable economic growth while creating business opportunities. In line with the UN Sustainable Development Goals, the Prosperity Fund enables the UK to work with China in addressing the biggest global challenges, such as climate change. The Prosperity Fund is also used to promote the conditions for sustainable and inclusive economic growth, while creating opportunities for international business, including UK companies. The China Prosperity Fund programme covers 4 areas: China’s business environment The programme will support progress towards a stronger rule of law including clearer judicial processes, dispute resolution and protection of intellectual property. This ultimately aims to lead to an improved, fairer business environment in which UK firms can operate. Financial services The programme will promote financial sector reform, employing policy and private sector expertise to: better regulate the Chinese financial sector build a more gender and socially inclusive economy enable UK and international businesses to enter the growing Chinese pensions and insurance markets Energy and low carbon The programme will match China’s specific areas for reform and change with UK energy and low carbon strengths, reducing global emissions by accelerating China’s energy transition. Infrastructure in third countries The programme will support and raise environmental and social standards in growth-enhancing Chinese-led infrastructure projects in developing countries in Africa and Asia, through promoting UK and international best practice in design, engineering, financial, professional and legal services.
UK - Foreign, Commonwealth Development Office (FCDO)
The Trade and Investment Advocacy Fund aims to improve the skills of the world’s poorest developing country governments so they can effectively participate in international negotiations on the global platform. Our support will help developing countries to secure deals that are pro-development and act in their own interests which should led to transformative economic development and in turn poverty reduction, including for women and girls. The Fund will also provide additional support to DFID’s 28 priority countries to ensure they are able to take advantage of secured deals, such as through government strategy planning. The Fund will deliver this support through external technical and legal advice, skills training and some logistical support to developing country governments.