Prosperity Fund
House of Lords
Lord Donoughue (Labour)
To ask Her Majesty's Government how much the Foreign and Commonwealth Office has spent through the Prosperity Fund throughout the various countries where it operates.
Lord Howell of Guildford (Minister of State, Foreign and Commonwealth Office; Conservative)
The Prosperity Fund seeks to advance our prosperity agenda by opening markets, ensuring access to resources and promoting sustainable global growth in key emerging markets. In 2011-12, the fund's first year, the Prosperity Fund allocated 98% of its £19,402,080 spend to the following 14 target markets and multipliers:
| China | £4,703,535 |
| Brazil | £3,566,111 |
| India | £2,426,108 |
| Mexico | £ 1,899,944 |
| South Africa | £ 1,443,197 |
| Indonesia | £997,111 |
| Wider Latin America | £842,439 |
| Russia | £498,118 |
| South East Asia | £652,903 |
| Middle East (Saudi Arabia, the Gulf and Ira) | £499,385 |
| Organisation for Economic Co-operation and Development Outreach programme (Iraq, Kazakhstan, Egypt and Tunisia) | £551,799 |
| Turkey | £342,073 |
| Japan | £301,279 |
| South Korea | £262,565 |
The remaining 2% financed a range of other ad hoc, smaller projects in a number of countries including the UK.