Providing funds for relief and social and economic recovery

Lending and investment are impor tantinstruments of the TaiwanICDF for providing development aid. Even though the global economy was severely impacted by the pandemic, it did not affect our lending operations. For example, at the end of August 2020, the TaiwanICDF signed two loan agreements to finance two components of the Emergency Support and Preparedness Program for COVID-19 and Economic Reactivation launched by CABEI: ’’Credit to Finance Public Sector Operations’’ and ’’Financial Sector Suppor t Facility for MSMEs.’’ These two projects are expected to increase the budget of our allied countries, so that they can take necessary actions to combat COVID-19.