Policy paper

Brazil Prosperity Fund Programme

The Programme aims to increase productivity in Brazil to renew economic growth and reduce poverty, by reducing costs and stimulating competition and innovation.

• From: Foreign, Commonwealth & Development Office and Foreign & Commonwealth Office
• Published: 10 December 2020
• Last updated: 30 March 2021 — See all updates

This was published under the 2019 to 2022 Johnson Conservative government

Documents

Brazil Prosperity Fund Bilateral Programme: full business case

ODT, 658 KB

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Administration agreement with the International Bank for Reconstruction and Development and the International Development Association: smart mobility and water (with signatures)

PDF, 1.54 MB, 15 pages

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Administration agreement with the International Bank for Reconstruction and Development and the International Development Association: smart mobility and water

ODT, 195 KB

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Memorandum of understanding with the City Hall of Sao Paulo (with signatures)

PDF, 653 KB, 8 pages

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Memorandum of understanding with the City Hall of Sao Paulo

ODT, 179 KB

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International Bank for Reconstruction and Development smart mobility externally financed output: amendment (with signatures)

PDF, 337 KB, 4 pages

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International Bank for Reconstruction and Development smart mobility externally financed output: amendment

ODT, 247 KB

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International Bank for Reconstruction and Development smart urban water externally financed output: amendment (with signatures)

PDF, 408 KB, 5 pages

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International Bank for Reconstruction and Development smart urban water externally financed output: amendment

ODT, 248 KB

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Memorandum of understanding with the International Energy Agency on gas market reform (with signatures)

PDF, 744 KB, 14 pages

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Memorandum of Understanding: UK and International Energy Agency on gas market reform

ODT, 493 KB

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Memorandum of Understanding with the Brazil Ministry of Economy on Prosperity Fund cooperation on trade facilitation

ODT, 253 KB

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Memorandum of Understanding with BNDES on Brazil's green finance

ODT, 190 KB

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Memorandum of Understanding with the OECD on flexible funding to support Brazil's alignment with OECD standards

ODT, 3.98 MB

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Brazil Prosperity Fund annual review 2019

ODT, 107 KB

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Details

Through the UK’s £56 million investment over 3 years, the Prosperity Fund will work in energy, green finance, future cities, and trade to support Brazil.

Energy

A single UK-Brazil energy partnership will deliver the programme. It will provide a focal point for the UK support on energy regulation, policy making, research and development, and innovation. The programme will support Brazil to:

• meet international standards and best practices
• make regulatory reforms to enable the transition to a low carbon economy
• promote diversification and tackle market failures to boost investment

It will increase institutional capacity of regulators, policy makers and operators and improve integration between them.

Green Finance

The programme will support the establishment of Brazil’s first ‘green investment vehicle’ within a Brazilian development bank, like the UK’s Green Investment Bank (GIB). It aims to develop a new Environmental Social and Governance (ESG) framework for development banks in Brazil to design sustainable infrastructure projects to attract private investment.

Future Cities

The programme aims to advance sustainable urban development through smart city technologies in mobility and water, areas in which the UK excels. The programme will support transport and water management innovations through a smart city approach to reduce poverty and increase sustainable economic growth.

Trade

The programme builds on Brazil’s efforts to facilitate trade and integrate into global markets as a source of growth. It aims to support Brazil’s economic development and create jobs. It will do this by reducing the costs of trade and time of transactions, and increasing participation of Brazilian smaller businesses in global value chains.

View the Brazil Prosperity Fund annual review 2020

Published 10 December 2020
Last updated 30 March 2021 + show all updates

1. 30 March 2021

   2019 annual review and new Memorandums of Understanding (with Brazil's Ministry of Economy, BNDES and OECD) added.

2. 10 December 2020

   First published.