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The Guardian - UK
The Guardian - UK
World
Helen Davidson in Taipei

Paraguay asks Taiwan to invest $1bn to remain allies

Paraguay Taiwan China Joanne Ou Asunción
Paraguay’s president, Mario Abdo Benítez
Paraguay’s president, Mario Abdo Benítez, said the investment would ensure Paraguayans felt ‘the real benefits of the strategic alliance’. Photograph: Seth Wenig/AP

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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