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2023-04-04 00:00:00
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Taiwan helps to improve people’s lives and environments in the countries where the EBRD works through generous funding for a wide range of projects.
Taiwan and the EBRD: at a glance
€257mn donor funds for technical cooperation projects and co-financing in support of EBRD projects
€1.38bn Taiwan – EBRD investments
Taiwan has provided vital support to the EBRD since 1991, providing €257 million in donor funds for technical cooperation projects and investment co-financing.
The TaiwanBusiness – EBRD Technical Cooperation Fund is supporting the Bank’s technical cooperation projects in sustainable resource management, the knowledge economy, lower carbon technologies and SME development (including Advice for Small Business and Women in Business programmes). Taiwan is also providing financing through various multi-donor funds such as the Sustainable Infrastructure Fund (SIF), the SEMED Multi-Donor Account, the Eastern Europe Energy Efficiency and Environment Partnership (E5P) Fund and the Small Business Impact Fund.
Taiwan also provides contributions via its aid agency, TaiwanICDF, to EBRD’s concessional financing instruments to support lending institutions for on-lending to MSMEs and to co-finance loans in the agribusiness sector. TaiwanICDF is strongly committed to green energy, and has been collaborating with the EBRD to help countries adopt a greater use of renewable energy and produce fewer emissions by providing concessional financing through the High Impact Partnership for Climate Action (HIPCA).
Taiwan is an important source of foreign direct investment in countries where the EBRD works. The value of joint investment by Taiwan and EBRD stood at €1.38 billion as of April 2019. EBRD finance accounted for €1.1 billion and investment from Taiwan accounted for €263 million.
The EBRD works closely with banks from Taiwan involved in the Trade Facilitation Programme, through which the EBRD guarantees the payment of trade finance instruments (such as letters of credit or payment guarantees) that are issued by banks in countries where we work to foreign confirming banks.
Through the Programme the EBRD has supported 101 export and import transactions of companies from Taiwan, totalling €30.2 million. Twelve local banks and branches have joined the programme as confirming banks.
From 2015 to December 2019, entities from Taiwan won one contract worth € 36 million.
Source of Article www.ebrd.com |
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