On Feb. 22, 2024, Taiwan Representative to the United States Amb. Alexander Tah-Ray Yui joined Managing Director Ingrid Larson of the American Institute in Taiwan (AIT) to sign the MOU Regarding Cooperation in the Area of International Development, witnessed by senior officials from the United States International Development Finance Corporation (DFC) and the Department of State. According to the MOU, The International Cooperation and Development Fund (TaiwanICDF) and DFC will explore joint opportunities for cooperation on health care, women economic empowerment, ICT, agriculture, climate, energy, small and medium-sized enterprises and infrastructure.
In his remarks, Ambassador Yui noted that like DFC, TaiwanICDF also endeavors to promote high-quality developmental projects in developing countries. He conveyed our hopes to strengthen bilateral future cooperation through this MOU, especially on private sector engagement in international development projects. Taiwan will continue to uphold our shared values of democracy, freedom and respect of human rights in its cooperation with the United States and like-minded countries.
The DFC is a developmental financial institution of the U.S. federal government. DFC was formed in 2019 by merging the Overseas Private Investment Corporation (OPIC) and the Development Credit Authority (DCA) of USAID. The DFC’s capacity is used to provide loans, guarantees, direct investments and insurances for private sectors who join developmental projects.
