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Asian Infrastructure Investment Bank (AIIB) UK Capital Investment

HM Treasury

UK investment in the new Asian Infrastructure Investment Bank to assist in addressing the shortage of infrastructure investment across the Asia-Pacific region. The UK’s membership will deepen economic ties with Asia and create opportunities for British businesses. The AIIB will support economic growth in the region and drive up living standards. The AIIB aims to help bridge the gap and improve economic growth in Asia. The establishment of the AIIB supports access to finance for infrastructure projects across Asia using a variety of support measures including loans, equity investments and guarantees to boost investment. Supporting infrastructure investment in Asian will support economic growth in the region and give benefits for the whole global economy.

Programme Id GB-GOV-hmtfitb-AIIB
Start date 2016-1-15
Status Implementation
Total budget £0

UK contribution to the Asian Infrastructure Investment Bank (AIIB) Special Fund

HM Treasury

At the ninth UK-China Economic and Financial Dialogue (EFD) in Beijing on 16 December 2017, the Chancellor of the Exchequer signed a Contribution Agreement with the AIIB, formalising the UK’s commitment, made at the previous EFD in 2016, to provide US$50m to the AIIB’s Special Fund for Project Preparation. This fund provides grant support to developing Asian countries to prepare infrastructure projects for the Bank to finance. The UK's contribution is through the Prosperity Fund.

Programme Id GB-GOV-2-PF-05-AIIB
Start date 2018-3-26
Status Implementation
Total budget £0

UK Annual Contributions to the Montreal Protocol Trust Fund, Montreal Protocol Multilateral Fund and Vienna Convention Trust Fund

Department for Environment, Food, and Rural Affairs

This activity supports an annual UK contribution to The Montreal Protocol on Substances that Deplete the Ozone Layer which is a multilateral environmental agreement with universal ratification. It regulates the production and consumption of ozone depleting substances (ODS). Protection of the ozone layer is vital in preventing increased UV radiation, resulting in higher incidence of skin cancers and eye cataracts, more-compromised immune systems, and negative effects on watersheds, agricultural lands and forests. The Multilateral Fund for the Implementation of the Montreal Protocol was established in 1991. The Fund's objective is to provide financial and technical assistance to developing country parties to the Montreal Protocol whose annual per capita consumption and production of ODS is less than 0.3 kg to comply with the control measures of the Protocol. The Vienna Convention for the Protection of the Ozone Layer is a multilateral environmental agreement signed in 1985 that provided frameworks for international reductions in the production of chlorofluorocarbons due to their contribution to the destruction of the ozone layer, resulting in an increased threat of skin cancer.

Programme Id GB-GOV-7-INTSUB001-MP
Start date 2016-4-1
Status Implementation
Total budget £27,192,000

Global Programme for Sustainability

Department for Environment, Food, and Rural Affairs

The programme supports sustainable economic growth that is both long-lasting and resilient to climate-related stressors. It does this through the integration of natural capital into decision making by governments, the private sector and financial institutions. The inability to value natural capital can undermine long-term growth and critically, the livelihoods of the poorest people dependent on ecosystems for their livelihoods. This programme directly addresses this challenge by (i) investing in data and research on natural capital; (ii) assisting countries to integrate this analysis into government policy making; and (iii) integrating these data and analysis into financial sector decision making.

Programme Id GB-GOV-7-GB-GOV-7-ICF-PO014-GPS
Start date 2018-2-1
Status Implementation
Total budget £20,000,000

Global Environment Facility (GEF) 7th Replenishment

Department for Environment, Food, and Rural Affairs

To support developing countries to implement international agreements on climate change, biodiversity, land degradation and harmful chemicals as integral elements of sustainable development. GEF’s other activities include sustainable forest management, international waters and protecting the ozone layer.

Programme Id GB-GOV-7-ICF-PO0015-GEF7
Start date 2018-6-1
Status Implementation
Total budget £100,000,000

China Prosperity Fund programme

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.

Programme Id GB-GOV-3-PF-CHP
Start date 2016-4-1
Status Implementation
Total budget £50,305,364

FCDO Prosperity Fund: Overseas Development Assistance (ODA)

UK - Foreign, Commonwealth and Development Office

FCDO Prosperity Fund: Overseas Development Assistance (ODA)

Programme Id GB-GOV-3-PF
Start date 2016-4-1
Status Implementation
Total budget £37,951,860.87

Colombia Prosperity Fund programme

UK - Foreign, Commonwealth and Development Office

The UK Prosperity Fund for Colombia is designed to support economic development, unlock economic opportunities and drive growth in the country’s post-conflict and conflict-affected regions.

Programme Id GB-GOV-3-PF-COB
Start date 2016-4-1
Status Implementation
Total budget £23,350,415

Brazil Prosperity Fund programme

UK - Foreign, Commonwealth and Development Office

The Programme aims to increase productivity in Brazil to renew economic growth and reduce poverty, by reducing costs and stimulating competition and innovation. Through the UK’s £56 million investment over 3 years, the Prosperity Fund will work in energy, green finance, future cities, and trade to support Brazil. Energy A single UK-Brazil energy partnership will deliver the programme. It will provide a focal point for the UK support on energy regulation, policy making, research and development, and innovation. The programme will support Brazil to: meet international standards and best practices make regulatory reforms to enable the transition to a low carbon economy promote diversification and tackle market failures to boost investment It will increase institutional capacity of regulators, policy makers and operators and improve integration between them. Green Finance The programme will support the establishment of Brazil’s first ‘green investment vehicle’ within a Brazilian development bank, like the UK’s Green Investment Bank (GIB). It aims to develop a new Environmental Social and Governance (ESG) framework for development banks in Brazil to design sustainable infrastructure projects to attract private investment. Future Cities The programme aims to advance sustainable urban development through smart city technologies in mobility and water, areas in which the UK excels. The programme will support transport and water management innovations through a smart city approach to reduce poverty and increase sustainable economic growth. Trade The programme builds on Brazil’s efforts to facilitate trade and integrate into global markets as a source of growth. It aims to support Brazil’s economic development and create jobs. It will do this by reducing the costs of trade and time of transactions, and increasing participation of Brazilian smaller businesses in global value chains.

Programme Id GB-GOV-3-PF-BRB
Start date 2016-5-1
Status Implementation
Total budget £35,254,240

Evaluation Quality Assurance and Learning Service 2 - EQUALS 2

UK - Foreign, Commonwealth Development Office (FCDO)

This programme will provide independent, high quality efficient and effective advice and assurance throughout the programme cycle to ensure that Official Development Assistance (ODA) funds are used for undertaking high quality monitoring, evaluation and learning that meets the evolving needs in development. Other ODA spending government departments can access it to ensure evaluations of their programmes are of a high enough quality to be published. Monitoring and evaluations can provide accountability for tax-payers money and enable learning and new evidence generation to inform current and future policy and programming across UK and other Governments. It will additionally be open to some Non ODA evaluations within FCDO for the same quality assurance and assistance.

Programme Id GB-GOV-1-301050
Start date 2021-4-1
Status Implementation
Total budget £4,286,465

The Evidence Fund - 300708

UK - Foreign, Commonwealth Development Office (FCDO)

The Evidence Fund procures and manages research and evaluations that primarily benefit ODA eligible countries. Most research and evaluations paid for by the Evidence Fund are country-specific, and all respond to requests for evidence to inform programme or policy decisions. Primarily serving research requests from HMG’s Embassies and High Commissions in ODA eligible countries, and from HMG policy and strategy teams, the Evidence Fund strengthens the evidence behind the UK’s priority international development investments and development diplomacy. The Evidence Fund also invests modest amounts of non-ODA, to strengthen the evidence behind wider UK foreign policy.

Programme Id GB-GOV-1-300708
Start date 2020-7-30
Status Implementation
Total budget £46,579,661

Better Health programme

UK - Foreign, Commonwealth and Development Office

The Global Better Health programme aims to address the growing burden of Non-Communicable Diseases (NCDs) such as heart disease and diabetes. It also aims to strengthen local health system structures by creating systems to improve quality of care. The partner countries are Lower or Middle Income (LMI) countries working towards, or aspiring to, universal health coverage: - Mexico - Brazil - South Africa - Malaysia - Myanmar - The Philippines - Thailand - Vietnam

Programme Id GB-GOV-3-PF-BHP
Start date 2016-4-1
Status Implementation
Total budget £35,417,694

Global Anti-Corruption programme

UK - Foreign, Commonwealth and Development Office

The Prosperity Fund’s Global Anti-Corruption Programme includes 9 projects delivered bilaterally, regionally and globally until March 2022. The programme supports activity at regional and global levels and operates in 5 Prosperity Fund priority countries: - Colombia - Indonesia - Malaysia - Mexico - South Africa

Programme Id GB-GOV-3-PF-ACO
Start date 2016-4-1
Status Implementation
Total budget £14,523,300

Global Business Environment programme

UK - Foreign, Commonwealth and Development Office

This programme aims to improve the business environment in middle-income economies by stimulating growth and creating jobs, helping to lift people out of poverty. It is worth £30 million over 4 years, and aims to support reforms that improve the business environment in a range of middle-income countries. 

Programme Id GB-GOV-3-PF-GBE
Start date 2017-4-1
Status Implementation
Total budget £24,703,366

Indonesia Regulatory Reform and Renewable Energy programme

UK - Foreign, Commonwealth and Development Office

The Indonesia Regulatory Reform programme will strengthen the regulatory environment, to overcome obstacles including: - a complicated regulatory environment, which can deter investors - difficulty securing finance for energy infrastructure projects The Renewable Energyprogramme will deliver poverty reduction, economic development and gender equality by developing the renewable energy sector to best support poor communities, with a focus on eastern Indonesia, which has the poorest provinces of Indonesia. The programme will create commercial opportunities for international business, including British business, in the renewable energy sector.

Programme Id GB-GOV-3-PF-IDJ
Start date 2016-4-1
Status Implementation
Total budget £5,379,137

Mexico Prosperity Fund programme

UK - Foreign, Commonwealth and Development Office

The Mexico Prosperity Fund Programme supports sustainable development and promotes economic reform and business innovation.

Programme Id GB-GOV-3-PF-MEX
Start date 2016-4-1
Status Implementation
Total budget £36,716,704.85

Global Future Cities programme

UK - Foreign, Commonwealth and Development Office

The Global Future Cities Prosperity Fund programme will carry out targeted interventions in 19 selected cities across 10 countries to address barriers to prosperity and trade.

Programme Id GB-GOV-3-PF-FCP
Start date 2017-4-1
Status Implementation
Total budget £46,829,213

Global Skills programme

UK - Foreign, Commonwealth and Development Office

The Skills for Prosperity Programme tackles this global challenge by supporting education and skills systems across nine middle income countries in South East Asia, Latin America and Africa. Working hand in hand with national governments, industry and the education and skills sector,

Programme Id GB-GOV-3-PF-EDU
Start date 2018-4-1
Status Implementation
Total budget £2,021,771

India Prosperity Fund programme

UK - Foreign, Commonwealth and Development Office

The programme focuses on where the UK’s expertise and strengths match India’s reform priorities and development needs. These include climate and green growth (including working with India on taking a sustainable, low carbon approach to urbanisation) and advocating free and fair trade through work on ease of doing business, skills, and financial services.

Programme Id GB-GOV-3-PF-IND
Start date 2016-4-1
Status Implementation
Total budget £12,282,866.48

Humanitarian Assistance and Resilience Building in Somalia (HARBS) 2022-2028

UK - Foreign, Commonwealth Development Office (FCDO)

To meet the most urgent humanitarian needs of conflict and disaster affected populations through provision of life-saving assistance and contribute to resilience building of benefitting households to withstand shocks.

Programme Id GB-GOV-1-300978
Start date 2022-8-7
Status Implementation
Total budget £299,536,149

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