Prosperity Fund Evalaution and Learning Contract

In order to help promote economic growth in developing countries the government has created a new Prosperity Fund worth £1.3 billion over the next five years. Its priorities will include improving the business climate, competitiveness and operation of markets, energy and financial sector reform, and increasing the ability of governments to tackle corruption. These reforms will drive sustainable development and will aim to contribute to a reduction in poverty in developing countries. They will also create opportunities for international business, including UK companies. Around two thirds of the world's poor live in middle income countries. These countries are able to finance their own development, but face considerable challenges such as rapid urbanisation, climate change and high and persistent inequality which can lower long-term growth prospects. The Prosperity Fund will support the broad-based and inclusive growth needed for poverty reduction and to make development sustainable. In order to satisfy the Treasury requirement to develop a robust monitoring and evaluation framework the Fund has tendered three central contracts to deliver these products and services. This mirrors a similar contract model developed by the International Climate Fund to deliver monitoring, evaluation and learning (MEL) services and products across its funding streams.