Philippines: Prosperity Fund

Cabinet Office written question – answered on 18th September 2018.

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Photo of Lord Hylton Lord Hylton Crossbench

To ask Her Majesty's Government how much has been spent or invested by the UK Prosperity Fund in the Philippines in the (1) current, and (2) previous two years; and what impact this has had on increasing employment, establishing minimum wages and conditions, and reducing the need for the emigration of workers.

Photo of Lord Young of Cookham Lord Young of Cookham Lord in Waiting (HM Household) (Whip), Lords Spokesperson (Cabinet Office)

The Prosperity Fund (PF) has spent the following in the Philippines over the last three years:

2016/17

£507,452

2017/18

£58,099

2018/19 (estimated up to Aug 2018)

£83,653

Project activity has covered a number of areas including health, urban development and disaster protection, and includes preparatory work for larger programmes shortly to be approved. It is too early to fully assess impact.

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