GLOBAL FUTURE CITIES

In 2015, the UK Government established the Prosperity Fund in order to help promote economic growth in developing countries. Its broad priorities include improving the business climate, competitiveness and operation of markets, energy and financial sector reform and in increasing the ability of Governments to tackle corruption. Although increasing numbers of developing countries and cities are able to finance their own development, many still face considerable challenges such as rapid urbanisation, climate change and high and persistent inequality which can lower long-term growth prospects, including in middle income countries where the majority of the urban poor reside. The Prosperity Fund supported the broad-based and inclusive growth needed for poverty reduction to make development sustainable... In September 2020, the Foreign and Commonwealth Office merged with the Department for International Development to become the new Foreign, Commonwealth and Development Office. The..