7th April 2023

Taiwanese president Tsai Ing-wen concluded a three-day official visit to Guatemala stating the days of dollar diplomacy are over. In March, Honduras became the latest country to switch allegiances to China, leaving 13 countries officially recognising Taiwan. Guatemala will receive US$150mn in aid from Taiwan during the 2013-2025 period. Taiwan remains the largest shareholder in the Central Bank for Economic Integration (CABEI) and any change to this would imperil dozens of projects across the region. Taiwan represents 11.3% of CABEI’s shares with US$776.25mn out of US$7bn. Since 1997 there have been 20 bond issuances in Taiwan totaling US$2.6bn.

Photo by Jack Brind 

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