Paraguay asks Taiwan to invest $1bn to remain allies
Paraguay’s president says money will ensure Asunción can resist pressure to switch its diplomatic ties to China
Paraguay, one of Taiwan’s few remaining formal allies, has asked the island’s government for $1bn (£930m) in investment to ensure it can resist pressure to switch its diplomatic ties to China.
In an interview with the Financial Times, Paraguay’s president, Mario Abdo Benítez, said his government was working with Taiwan’s to ensure Paraguayans felt “the real benefits of the strategic alliance”.
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