Prosperity Fund Strategy and Guidance for MexicoContents     1.   Introduction to the Prosperity Fund     2.   The Prosper...
establishment of transparent and stable regulatory regimes (including by tackling bribery andcorruption) and the promotion...
3. International community on track for green growthThese high-level goals are linked. Projects for support under the Pros...
Prosperity Programme Objectives and IndicatorsProgramme Objectives and Indicators*The primary beneficiary of project propo...
support of the global economic recovery and global prosperity.4. Support for Mexico on policy and practice on green and 4....
PRIORITIES FOR FISCAL YEAR APRIL 2012-MARCH 2013 (Third bidding round highlighted)    Priorities                         P...
•    Planning and promoting public transport solutions              •   Planning and delivery of a domestic strategy on   ...
Annex 1Regional and global bids:      Apart from Mexico specific projects, the Mexico Prosperity Fund will also consider ...
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2012 2013-prosperity-fund-strategy

  1. 1. Prosperity Fund Strategy and Guidance for MexicoContents 1. Introduction to the Prosperity Fund 2. The Prosperity Fund High Level Goals 3. Prosperity Programme Objectives and Indicators 4. Priorities For Fiscal Year April 2012-March 2013Annex 1: Advice on Regional and Global BidsAnnex 2: The Mexico Programme BoardAnnex 6: First, Second and Third Bidding Round Project Distribution FY 2011-2012Annex 7: Prosperity Fund Priorities 2011-2012Annex 8: Previous and Ongoing Project WorkAnnex 9: Current PartnersAnnex 10: Indicative timetableIntroductionThe Foreign & Commonwealth Office’s programme funds seek to create real, measurableoutcomes in support of the FCO’s policy goals. The Prosperity Fund, which builds on theachievements of the previous Low Carbon High Growth Strategic Programme Fund, directlysupports our implementation of the following Foreign Policy Priority:“Build Britain’s prosperity by increasing exports and investment, opening markets, ensuringaccess to resources, and promoting sustainable global growth”.An open global economy is the most effective way to support development and increasedprosperity. This means that we will want to use the Prosperity Fund to support theBritish Embassy at Mexico – Programme TeamProsperity Fund Bidding Process Page 1
  2. 2. establishment of transparent and stable regulatory regimes (including by tackling bribery andcorruption) and the promotion of economic policies that underpin strong, sustainable, balancedand low carbon growth. We want to encourage openness to trade and investment, discourageprotectionism, increase competitiveness and strengthen the multilateral trading system. Inparticular, we want to foster international support for this agenda in key countries throughincreasing commitment to open markets and free trade and promoting economic reforms.If we are to avoid dangerous climate change, which will undermine the conditions necessary forsustainable global economic growth, we need urgently to transform the global economy to alow carbon one. Achieving this will depend to a large extent on agreeing and implementing anambitious, comprehensive and equitable global framework agreement in the UN FrameworkConvention on Climate Change. But the political conditions are not yet in place to deliver thepolitical commitment or the necessary shift in investment. Political will to tackle climate changewill only be secured once leaders are confident that policies to mitigate climate change will notundermine their growth, prosperity and security objectives. The FCO’s role is to create thosepolitical conditions. The fund will support this work.Low carbon policies can and should enhance energy security globally. But there will still bedemand for energy from hydrocarbon sources into the medium term and oil and gas priceswill continue to be key drivers in the global economy. We want to deepen engagement withenergy producers, both bilaterally and in multilateral fora, and encourage conditions thatenable the necessary investment in transitional oil and gas, promote price transparency andreduce volatility, encourage low carbon growth and improve the reliability of energy supplies.We want the fund to contribute by building support for open and effective internationalenergy markets and by promoting the take-up of alternative energy sources and moreefficient consumption of energy, including reducing and eliminating inefficient subsidies. Weunderstand that the economy will only move towards low carbon when this is notincompatible with growth and increased prosperity. We want to encourage projects that willhelp to build this environment.The overall impact of the Prosperity Fund should be transformational change in policies andactions that help individual countries and the world towards a secure climate with climaticchanges restricted to 2 degrees or less with high levels of sustainable and green growth.Mexico is a priority post for work on all three areas: climate change, energy security andsecuring an open global economy.  Prosperity High Level Goals 1. A stronger, more sustainable global economy 2. Enhanced security of resources underpinning UK and global prosperityBritish Embassy at Mexico – Programme TeamProsperity Fund Bidding Process Page 2
  3. 3. 3. International community on track for green growthThese high-level goals are linked. Projects for support under the Prosperity Fund may thereforeaddress more than one goal.If we are to avoid dangerous climate change, which will undermine the conditions necessary forsustainable global economic growth, we need urgently to transform the global economy to alow carbon one. While there is a long term need for large scale capital investment, there is alsoa need for smaller interventions to build capacity, strengthen the national consensus and tocreate effective public policy frameworks. Enhanced public policies can have a transformationalimpact on the ability of Mexico to set itself firmly on a pathway to sustainable and greengrowth and contributing to addressing the global challenges we face.To support the development of public policies and actions in Mexico that can deliver green andsustainable growth and be an example for other developing countries of a mechanism forcoordinated planning and synergistic application of international cooperation offered byvarious sources and countries, coordination should be promoted among implementers todeliver projects and activities aimed at the design and effective implementation of publicpolicies and developing and strengthening the governmental and non – governmentalinstitutional capacity Mexico needs to deliver green and sustainable growth.Energy efficiency has improved but there remains significant scope for further action. Policiesto promote energy security and moving further in the area of low carbon and renewables willrequire international partnerships, technology and private as well as public finance. Mexicohas considerable potential in areas of wind, solar and geo-thermal energy.Project proposals should demonstrate that they will leverage significant additional actions overand above the money invested by the FCO. Experience has shown that the best way to do this isto work towards high level policy change, build capacity in a sustainable way, translateevidence or analysis into action plans and work closely with host governments. This can also beachieved when FCO funding is used to leverage co-funding from other donors.Partners can include government, business and NGOs, but working with governments andofficial bodies is more likely to result in high impact, transformational outcomes which outlivethe duration of the project. We are looking for practical interventions that will lead to a realand timely difference to decision-making. Proposals focusing purely on research, analysis,seminars or workshops will not be relevant unless they lead to specific and measurable action.Projects can be at regional or state level within a country, provided that replicability is built intothe proposal and sufficient impact is likely. Proposals must make clear that they are addingvalue to, and not duplicating other donor activity.British Embassy at Mexico – Programme TeamProsperity Fund Bidding Process Page 3
  4. 4. Prosperity Programme Objectives and IndicatorsProgramme Objectives and Indicators*The primary beneficiary of project proposals submitted to the Prosperity Fund must be Mexico (included in the OECD DAC list), inline with DAC criteria.Objectives Indicators1. Support for strong, stable and sustainable economic growth 1.1 Support for Mexico to employ policies that pursuein Mexico, supporting the global economic recovery and global macroeconomic and financial stability.prosperity. 1.2 Support for Mexico to undertake reforms designed to improve the business environment. 1.3 Support for Mexico to undertake financial regulatory reform to promote transparency and meet international standards. 1.4 Support for Mexico to implement measures to move towards a more efficient public sector. 1.5 Support for Mexico to undertake poverty and inequality reduction policies to foster sustainable economic growth.2. Strengthened Mexico support for equitable trade. 2.1 Support for Mexico to undertake reforms and reduce barriers to market access. 2.2 Mexico supporting multilateral equitable trade negotiations promoting: o Combat of corruption/bribery o Promotion of transparency, particularly in tendering and bidding processes o Protection of intellectual property rights o Promotion competitiveness as a stimulant to innovation and growth o Develop of stable legal and regulatory frameworks including for international investment3. Support for Mexico to make a positive contribution to global 3.1 Support for Mexico to play an active role in multilateral fora,economic governance. and support the coordination of macroeconomic policies inBritish Embassy at Mexico – Programme TeamProsperity Fund Bidding Process Page 4
  5. 5. support of the global economic recovery and global prosperity.4. Support for Mexico on policy and practice on green and 4.1 Support for Mexico to explore green and sustainable growthsustainable growth. into its economic planning and development strategies. 4.2 Support Mexican businesses to explore the green economy as an opportunity for activities which support a global transition to a low carbon economy including by increasing the likelihood of agreement on a comprehensive internationally binding framework on climate change, such as:  climate diplomacy/influencing  promoting low carbon/green growth  addressing and enhancing climate security  promoting energy efficiency and alternative technologies*For information on our previous project work and ongoing projects please refer to diagram on Annex 8British Embassy at Mexico – Programme TeamProsperity Fund Bidding Process Page 5
  6. 6. PRIORITIES FOR FISCAL YEAR APRIL 2012-MARCH 2013 (Third bidding round highlighted) Priorities Priorities worked by ongoing projects New prioritiesEconomic Reform • Strengthening fiscal policy, including broadening the tax • Increasing commitment to open markets and free base and reducing inefficient subsidies. trade. (reform of customs procedures) • Increase competitiveness in key sectors (financial services, • Promoting transparency, including public services communication and labour market reform) and open/competitive tendering/bribery. • Planning and implementation of reform of the regulatory environment to promote business opportunities. • Assisting the Mexican authorities to promote economic reforms and a stable economy. • Building a stronger economy through developing policies promoting a highly skilled labour force, intellectual property and a stronger science and research and development base.Energy Security • Promoting energy efficiency and alternative technologies • Deepen engagement with energy producers, both bilaterally and in multilateral forums. • More efficient consumption of energy, including reducing • Encourage conditions that enable the necessary and eliminating inefficient subsidies investment in transitional oil and gas • Unconventional gas for energy security • Low carbon innovation science and technology • Promote price transparency and reduce volatility • Improve the reliability of energy supplies • Building support for open and effective international energy markets • Clean energy: renewables • Construction retrofittingClimate Change, • Planning and implementation on climate security issues • Mexico as a regional and world leader on climatethe Green including disaster relief, migration, water stress and change.Economy and government capacityGreen Growth • Strengthening capacity to adapt to climate change • Encouraging scientific collaboration and low carbon innovation.British Embassy at Mexico – Programme TeamProsperity Fund Bidding Process Page 6
  7. 7. • Planning and promoting public transport solutions • Planning and delivery of a domestic strategy on sustainable development. • Climate change actions that also benefit biodiversity and • Mexico helps shape a successful outcome for the preserving the environment 2012 UN Conference on Sustainable Development (Rio+20) • Promoting policies that effectively reduce greenhouse gas • Forestry emissions • Promoting private sector involvement at the national and • In the area of green growth, energy international level to enhance a transition to a sustainable efficiency, renewable energy, forestry, and low carbon development. transport, and development of policies • Planning and implementation of green growth initiatives, related to low carbon and sustainable/green and promote green growth internationally. growth. These would cover activities such as plans for energy efficiency, renewable energy, forestry, transportation. If other funders are interested in supporting other sectoral plans, the funding group will be open to discussion. Plans will include social, economic, and environmental cost-benefit analysis of pursuing a low-carbon pathway. A plan to improve technical capacity. An analysis of the legal and regulatory frameworks to identify the changes and additions needed to enable the effective implementation of ambitious climate mitigation plans and programs.**Although proposals filling priorities worked by ongoing projects will be considered, more attention will be placed in proposals covering newpriorities.***For information on our previous project work and ongoing projects please refer to diagram on Annex 8British Embassy at Mexico – Programme TeamProsperity Fund Bidding Process Page 7
  8. 8. Annex 1Regional and global bids:  Apart from Mexico specific projects, the Mexico Prosperity Fund will also consider regional projects on a regional and – exceptionally – global level which include Mexico. All countries covered in regional or global projects must also comply with guideline on eligibility for classification as development assistance by the OECD.  A regional or global bid must have an impact potential in all of the countries involved and explain how this will be realised.  The bid must have the support of all the relevant British Embassies or High Commissions.  The bid should make clear the strategic importance of tackling that issue regionally or of the important influencing role that action in and with Mexico could have.  Should be clear what contribution each of the countries involved has to make.  The bid should consider how the different conditions in each country could be met within the same project and the union of the different project elements. A regional proposal is not just a composite of similar activities in nearby countries. The project outputs and purpose should achieve something more than the sum of the individual country projects. The implementing organisation(s) should have the relevant expertise and contacts in each country.  Any regional bid covering countries Mexico and Central America will need approval of colleagues in London and could take longer to consider.British Embassy at Mexico – Programme TeamProsperity Fund Bidding Process Page 8

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