WASHINGTON, D.C. – The United States and Taiwan will strengthen their collaboration to advance private sector investments around the world through a memorandum of understanding (MOU) signed by the American Institute in Taiwan (AIT) and the Taipei Economic and Cultural Representative Office in the United States (TECRO). The U.S. International Development Finance Corporation (DFC) and the Taiwan International Cooperation and Development Fund (TaiwanICDF) will work together as AIT and TECRO’s respective designated representatives under the MOU to expand DFC and TaiwanICDF’s partnership and will increase collaboration in regions of shared priority, especially the Indo-Pacific and Western Hemisphere. DFC Chief of Staff (COS) Jane Rhee joined Representative Alexander Yui of TECRO and Managing Director Ingrid Larson of AIT for the signing ceremony.
DFC looks forward to growing our partnership with Taiwan through the signing of this MOU,” said DFC COS Jane Rhee. “The MOU will allow the United States and Taiwan to collaboratively leverage their respective tools, resources, and capabilities to advance private-sector-led opportunities around the world.”
The MOU provides a platform for the United States and Taiwan, under the auspices of AIT and TECRO, to catalyze private sector investment opportunities that promote shared strategic objectives and meet growing needs, especially in the Indo-Pacific and Western Hemisphere. The MOU will support greater cooperation on a wide range of sectors, including infrastructure, information and communications technology, health, women’s economic empowerment, agriculture, climate financing, energy, and small business support.
The MOU demonstrates the commitment between DFC and TaiwanICDF to deepening the partnership between the United States and Taiwan by advancing development, economic growth, and our shared values around the world.
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The U.S. International Development Finance Corporation (DFC) partners with the private sector to finance solutions to the most critical challenges facing the developing world today. We invest across sectors including energy, healthcare, infrastructure, agriculture, and small business and financial services. DFC investments adhere to high standards and respect the environment, human rights, and worker rights.