Technology, Information and Digital Transformation
The Prosperity Fund
Many developing countries, including middle-income countries - where around 60% of the world’s poor live - still face considerable challenges such as rapid urbanisation, climate change and high and persistent inequality (including gender inequality) which can lower long-term growth prospects.
Launched in April 2016 to help promote economic growth in developing countries, the UK Government’s Prosperity Fund supports the broad-based and inclusive growth needed for poverty reduction.
The Fund’s priorities include improving the business climate, competitiveness and operation of markets, energy and financial sector reform, and tackling corruption.
These reforms will drive sustainable development in partner countries - and in the process it will also create opportunities for international business, including UK companies.
The Digital Access Programme
The Digital Access Programme will be resourced by the Prosperity Fund to facilitate wider and more affordable, safer and more secure access to the internet for excluded populations, harnessing the power of digital inclusion to tackle poverty, build prosperity and enable millions of people - especially socio-economically disadvantaged populations -to benefit from digital services and opportunities in Nigeria, Kenya, South Africa, Indonesia and Brazil.
Access to the internet is a powerful catalyst to prosperity, reducing poverty and building inclusion: a 10% increase in internet access linked to 3% growth in GDP, and a range of social and economic benefits. The objective of this programme is to support development and prosperity outcomes.
The Digital Access Programme aims to address the fundamental constraints to digital inclusion through three pillars, harnessing the role and expertise of various UK government departments: