Building a Thriving AI Ecosystem: Insights from Taipei,China’s Journey
Reference material on Building a Thriving AI Ecosystem: Insights from Taipei,China’s Journey.
The Ministry of Foreign Affairs oversees Taipei,China’s overall official development assistance (ODA) policy, which is implemented primarily through the International Cooperation and Development Fund. The Ministry of Finance oversees Taipei, China’s ODA through multilateral development banks like ADB. Taipei,China’s ODA aims to uphold security, peace, democracy, human rights, humanitarianism, and sustainable development. It engages in a range of bilateral and multilateral infrastructure development projects covering health care, transportation, education, agriculture, fisheries, science and technology, and environmental protection.
Taipei,China’s “White Paper on International Cooperation and Development Policies 2023” outlines several key areas of focus for its international development efforts. Key areas are public health and medicine, digital transformation, industrial upgrading, climate change, capacity building, and financing for development.
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 is for the Asian Development Fund (ADF). The ADF provides grants to ADB’s low-income, developing member countries to help reduce poverty and improve the quality of life.
Priorities
- Security
- Peace
- Democracy
- Human rights
- Humanitarianism
- Sustainable development
News
$5 Billion Asian Development Fund Replenishment Agreed to Support Most Vulnerable People in Asia and the Pacific
3 May 2024
Donors and ADB have agreed to a replenishment of $5 billion for ADB’s Asian Development Fund 14 and Technical Assistance Special Fund 8. The commitment was made during ADB’s 57th Annual Meeting.
Knowledge
ADB and Taipei, China collaborated on several knowledge products and events including the following:
Active Trust Funds
Active trust funds are those a) with ongoing projects; or b) with no active projects but have remaining funds.
Financing Commitments
Taipei, China contributes to ADB’s development initiatives through two key avenues: Cofinancing and Special Funds.
5-YEARS
- Trust Funds Contribution $1 million
Special Funds
- Asian Development Fund $123.5 million
- Technical Assistance Special Fund $9.9 million
2024 cofinancing highlights
Nonsovereign Cofinancing. The Trade and Supply Chain Finance Program (TSCFP) supported over 70 transactions valued at $56.2 million with a bank domiciled in Taipei, China from 2009 to 2024. During the same period, the TSCFP supported over 1,030 Taipei, China exports and/or imports valued at $347.2 million. In 2024 alone, the TSCFP supported 64 transactions valued at $50.9 million with a bank domiciled in Taipei, China and supported 56 Taipei, China exports and/or imports valued at $11.4 million. Exports and/or imports were mainly to/from Viet Nam, Bangladesh, and Mongolia. Underlying goods involved mostly raw and non-energy commodities, textiles and apparel, as well as industrial machinery and capital goods.