/Taipei,China

International Cooperation and Development Fund (ICDF) is Taipei,China’s development assistance organization. Since it was founded in 1996, it has assisted developing countries in economic, social, and human resource development through technical cooperation, lending and investment, international education and training, and humanitarian assistance. Its strategy is to (i) respond to international development trends; (ii) draw on Taipei,China’s comparative advantages; (iii) integrate public and private sector resources; and (iv) strengthen cooperative partnerships.

The ICDF made a contribution in 2022 with a commitment of $1 million for the Domestic Resource Mobilization Trust Fund. The fund aims to improve domestic resource mobilization in ADB developing member countries to achieve the United Nations’ 2030 Sustainable Development Goals, particularly target 17.1: “Strengthen domestic resource mobilization, including through international support to developing countries, to improve domestic capacity for tax and other revenue collection.”

Nonsovereign cofinancing. The Trade and Supply Chain Finance Program (TSCFP) supported four transactions valued at $5 million with a bank domiciled in Taipei,China from inception to December 2022. During the same period, the TSCFP supported over 700 Taipei,China exports and/or imports valued at $254.9 million. In 2022 alone, the TSCFP supported 59 Taipei,China exports and/or imports valued at $31 million. Exports and/or imports were mainly to/from Viet Nam, Bangladesh, and Armenia. Underlying goods involved mostly raw and non-energy commodities, textiles and apparels, as well as food and agriculture-related goods.

Special funds. Taipei,China contributes to ADB special funds where contributions from financing partners are administered with the same level of care as ADB’s own resources. Since becoming a member in 1966, Taipei,China has committed a total of $133.4 million to special funds, of which $123.5 million went to the Asian Development Fund (ADF). The ADF provides grants to ADB’s low-income developing member countries to promote poverty reduction and improvements in the quality of life.