The prestigious International Booker Prize has officially been renamed the Bukhman International Booker Prize following a 10-year funding partnership with Bukhman Philanthropies. As part of the landmark agreement, the winner's prize money has been doubled from £50,000 to £100,000, with the amount continuing to be shared equally between the author and translator. The partnership is also expected to strengthen global literary translation, support emerging translators, and expand the reach of international fiction to readers worldwide.