Taiwan to set up NT$100 billion financing fund: president

Focus Taiwan
Date: 2017/09/25
By: Wang Shu-fen and Y.F. Low 

Kaohsiung, Sept. 25 (CNA) Taiwan will set up a NT$100 billion (US$3.31 billion) fund
to finance Taiwan’s public construction cooperation with diplomatic allies and nations covered by the New Southbound Policy, President Tsai Ing-wen (蔡英文) said Monday.

The fund, similar to “official development assistance” provided by the Organization for Economic Cooperation and Development, will make it easier for Taiwanese companies to engage in overseas construction projects and bid for business globally, Tsai said at an annual meeting of the World Taiwanese Chambers of Commerce (WTCC) in this southern Taiwan port city.

As long as the government works hand in hand with the private sector, Taiwan’s influence will reach far and wide, she said, without providing any details of how the fund will work.    [FULL  STORY]