British Prosperity Fund 2017-2021

British Prosperity Fund 2017-2021

The British Government will invest £ 1.3 billion in the next 4 – 5 years as a global investment focused on emerging economies which are part of the commitment in International Development Assistance (ODA), which have prioritized sectors such as: financial services, infrastructure, energy, health, higher education, technology, smart cities, pharmaceuticals, environment, agro technology, food, aviation, and science. The Bilateral Program with Colombia aims to unlock economic opportunities in post-conflict zones and areas affected by the conflict, and in which its main objectives are: 1) Reduction of poverty and gender equity through economic development; 2) Opening of markets and opportunities for international companies, including the British with the goal of strengthening economic development in the regions of Colombia by increasing competitiveness.

Where the resources will be destined to:

  • Institutional Strengthening: Improve standards in the governance of the National Agency of Infrastructure ANI on the way to implement best practices, based on British experiences.
  • Infrastructure: Strengthen the intelligent urban development in intermediate cities of Colombia and the rehabilitation of railway tracks, uniting the regions of Colombia and the intermodal transport systems.
  • Agriculture: Develop and execute services and products in agricultural insurance, which are accessible to small and medium farmers and entrepreneurs and increase productivity and income for small and medium farmers and entrepreneurs through the adoption of innovation and agricultural technologies in the UK.

The foregoing seeks the creation of capacities to increase economic development where the goal is to execute up to 24 specific projects in competitiveness and to train up to 200 officers in effective project execution. It has partners such as Findeter, CAF and CIAT and innovative UK.