UK aid strategy
The DFID Single departmental plan, May 2018, lists DFID’s objectives as being to:
– Strengthen global peace, security and governance
– Strengthen resilience and response to crisis
– Promote global prosperity
– Tackle extreme poverty and help the world’s most vulnerable
– Deliver value for money and efficiency
DFID PSD strategies and related documents
DFID’s Economic Development Strategy 2017 lists 11 priorities:
- Focusing on trade as an engine for poverty reduction.
- Stimulating investment to spur economic growth in developing countries, in particular through the UK’s development bank, CDC.
- Supporting countries to mobilise their own domestic resources by tackling corruption, improving tax systems, and enhancing the wider enabling environment for business.
- Focusing efforts on sectors that can unlock growth, including energy, infrastructure, urban planning, manufacturing, commercial agriculture and financial services.
- Making it easier for companies – including from the UK -to enter and invest in markets of the future.
- Supporting partner countries to harness new technologies for growth and look to emerging and innovative economic sectors, such as e-commerce and peer-to-peer business and finance.
- Working with, and challenging, the City of London to become the ‘development finance hub of choice’. DFID will help create stronger capital markets and financial services in our partner countries and will be a global leader in helping developing countries insure themselves against natural disasters.
- Using country presence, knowledge and expertise to bring economic opportunity to some of the world’s most fragile states, supporting livelihoods even in the hardest and most complex environments.
- Building a sharper focus on nutrition, human development and skills for work into economic development programmes and helping to build a healthy, educated and productive workforce for the future.
- Focusing on the poorest and most marginalised people, including women and girls, the majority of whom work in the informal sector.
- Establishing new links both in the UK and internationally with civil society organisations and other innovative partners to help deliver the ambition in this Strategy.
The International Development Commons Select Committee published a critique of this Strategy in July 2018.