Boost wealth creation

Make British international development policy more focussed on boosting economic growth and wealth creation

Actions	Start	End
3.1 Collaborate more closely with the private sector on development
Introduce performance-based funding for the Private Infrastructure Development Group	Started	Mar 2013
Launch a programme to grow the market for social impact investment in order to increase investment in enterprises that benefit poor people	Completed
3.2 Implement CDC (formerly Commonwealth Development Corporation) Business Plan
Work with CDC to ensure CDC publishes a new strategy by May 2012 to increase its development impact and achieves its targets over the period to 2015	Started	Mar 2015
3.3 Build support for open markets and wealth creation
Introduce new web-based tools so people can see exactly how much tariffs and trade barriers increase the price of imports	Started	Sep 2013
Support, as part of the Africa Free Trade Initiative, action to cut by 30% the average time taken for goods to cross international borders in at least five locations in Eastern and Southern Africa	Started	Feb 2015
Develop a new commercial legal programme to support DFID’s wealth creation work	Started	Apr 2014
Work in natural resource-rich developing countries, especially in Africa, to ensure that the benefits of natural resources (oil, gas and mining) are used to improve the lives of the poor	Started	Mar 2015
3.4 Harness new technology for development
Release through the HarvestPlus consortium new micronutrient-rich food crops in two countries for key staples such as maize, beans and millet, to improve the nutritional status of vulnerable women and children	Completed
Provide funding to research consortia to develop two new technologies (drugs and diagnostics) for malaria and neglected tropical diseases	Completed
Support regulatory reform in at least three countries so as to encourage the growth of mobile money transfer and banking services for poor people	Started	Mar 2015
Co-host conference on new technology and development to highlight future priorities and challenges for scaling-up use of new technologies	Completed
Launch a new mechanism to enable poor people to use mobile phones and the internet to access services and hold governments to account	Started	Apr 2013