A key element of this initiative is a new £150 million fund that aims to provide quicker and more effective aid to poorer countries during emergencies.

This change in policy is detailed in a comprehensive White Paper, aiming to reinstate the UK's role as a global development leader after recent aid budget cuts. The plan has garnered support from global leaders and finance experts and seeks bipartisan support in the UK Parliament.

The strategy focuses on building collaborative partnerships with developing countries, emphasizing mutual respect and innovative approaches to tackle poverty. Financially, the UK will maintain its commitment to allocate 0.5% of its national income to foreign aid, directing a significant portion to the "Resilience and Adaptation Fund." This fund will represent 15% of the UK's humanitarian aid budget and will focus on proactive measures for disaster and climate crisis readiness.

Additionally, the government aims to reduce costs for international remittances and leverage the financial resources of major institutions like the World Bank and IMF to encourage private investment in development, aligning with the United Nations Sustainable Development Goals.