Santiago Principles — 9DASHLINE

Taiwan needs to establish its own World Bank — today

Written by Dr Oliver Scanlan

Taiwan has always sought ways to expand its geopolitical influence; expanding its ‘international space’ is a way of mitigating the risks of Chinese coercion. If establishing an SWF would serve this end, then a much larger development bank would be even more effective.

Editor's Picks9DLAugust 2, 20239DashLine, Oliver Scanlan, Taiwan needs to establish its own World Bank — today, Taiwan, Sovereign Wealth Fund (SWF), geopolitics, Development Finance Institution, development bank, foreign exchange reserves, “Taiwan Development Bank” (TDB), government debt, concessionary finance, loans, interest rates, investment, decarbonisation, economic leverage, International Forum of Sovereign Wealth Funds, Santiago Principles, Yang Chin-Long, Taiwan’s Central Bank, Germany, KfW, Kreditanstalt für Wiederaufbau, Ethical, profitable, strategic sectors, Taiwania national investment fund, green energy, startups, joint ventures, circular economy, Taiwan’s “5+2” industrial strategy, resilience, adaptation, mitigation, official development assistance (ODA), “Indigenous Peoples Economic and Trade Cooperation Arrangement” (IPETCA), New Zealand, Canada, Australia, Indigenous Nations, World Bank, Asian Infrastructure Investment Bank (AIIB), International Monetary Fund (IMF), export-led economy, whose sovereign debt is an attractive, international credit ratings agencies, Fitch, Public Debt Act, Net International Investment Position, Philippines, debt-to-GDP ratio, Austria, Netherlands, G20, OECD, South Korea, E3G, Nick Mabey, risk, US Inflation Reduction Act, supply chain, climate change, Chinese coercion, Intergovernmental Panel on Climate Change