Focus Taiwan
Date: 2018/05/31
By: Elaine Hou and Kuan-lin Liu

Taipei, May 31 (CNA) The Ministry of Foreign Affairs (MOFA) announced Thursday that

MOFA spokesman Andrew Lee (李憲章)/CNA file photo

Taiwan will assist Haiti secure a NT$4.5 billion (US$150 million) loan from banks involved in the Republic of China’s Official Development Assistance (ODA) program, refuting rumors that the country is reverting to checkbook diplomacy.

MOFA spokesman Andrew Lee (李憲章) told reporters that the ODA will allow Haiti to secure a loan from Taiwan for its project to build rural power grids on condition that Taiwanese businesses are able to participate in the construction.

This provides a win-win situation to help a diplomatic ally with a major infrastructure development project and also creates overseas business opportunities for Taiwanese companies, Lee continued.    [FULL  STORY]