Taipei,China

The International Cooperation and Development Fund is Taipei,China’s development assistance organization. Since it was founded in 1996, it has assisted developing countries in economic, social, and human resource development through technical cooperation, lending and investment, international education and training, and humanitarian assistance. Its strategy is to (i) respond to international development trends, (ii) draw on Taipei,China’s comparative advantages, (iii) integrate public and private sector resources, and (iv) strengthen cooperative partnerships.

Highlights of ADB–Taipei,China Engagement in 2023:

Nonsovereign Cofinancing. The Trade and Supply Chain Finance Program (TSCFP) supported eight transactions valued at $5.4 million with a bank domiciled in Taipei,China, from inception to December 2023. During the same period, the TSCFP supported 711 Taipei,China exports and/or imports valued at $259.7 million. In 2023 alone, the TSCFP supported four Taipei,China exports and/or imports valued at $0.4 million. Exports and/or imports were mainly to or from Bangladesh, Viet Nam, and Sri Lanka. Underlying goods involved mostly raw and non-energy commodities, textiles and apparel, as well as industrial machinery and capital goods.

Special Funds. Taipei,China is a founding member of ADB and has, since 1966, committed $133.4 million to ADB special funds. Of this commitment, $123.5 million has gone to the Asian Development Fund (ADF). The ADF provides grants to ADB’s low-income, developing member countries to help reduce poverty and improve quality of life.