PARLIAMENTARY WRITTEN QUESTION
Prosperity Fund (4 July 2018)
Question Asked
Asked by:
Judith Cummins (Labour)
Answer
The legal underpinning of the Prosperity Fund is the International Development Act (2002). Activity supported by the fund is primarily focussed on achieving growth outcomes for the partner country and the design of any potential Official Development Assistance (ODA) spending through the fund must meet this requirement. The Department for International Trade does not at present spend Prosperity Fund money, however should the Department start spending ODA, it will follow legal advice to ensure it meets the stipulations of the act.
Answered by:
Sir George Hollingbery (Conservative)
12 July 2018
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