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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.
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.
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.
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.
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.
FCDO Prosperity Fund: Overseas Development Assistance (ODA)
UK - Foreign, Commonwealth and Development Office
FCDO Prosperity Fund: Overseas Development Assistance (ODA)
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.
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
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
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.
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.
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.
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.
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,
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.
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.
Global Environment Facility 8th Replenishment
UK - Foreign, Commonwealth Development Office (FCDO)
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.
Support to the multilateral Climate Investment Funds (CIFs), four funding windows supporting country-led investments in low carbon, climate-resilient development
UK - Foreign, Commonwealth Development Office (FCDO)
To support development and poverty reduction through environmental protection, and help developing countries respond to climate change
International Finance Facility for Immunisation
UK - Foreign, Commonwealth Development Office (FCDO)
Reduce vaccine preventable diseases (VPDs) in poor countries in a sustainable way using innovative financing approach
Unitaid - market shaping
UK - Foreign, Commonwealth Development Office (FCDO)
To improve access to medicines, diagnostics and preventative items for people affected by HIV/AIDS, TB and malaria in lower income countries, by fast-tracking the introduction of promising new health solutions, and shaping the market for quality health products and expanding access to better, more affordable treatments and technologies aimed at tackling the three diseases and their related co-morbidities.
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