Taipei, Nov. 29 (CNA) Taiwan has signed an agreement with the European Bank for Reconstruction and Development (EBRD) to become one of the founding donors of a newly launched EBRD fund that aims to promote gender equality, the Ministry of Foreign Affairs (MOFA) announced Tuesday.
The agreement to make Taiwan a donor of the "Action for Equality and Gender Multi-donor Cooperation Fund" or A4EG was signed on Monday by Sharon Wu (吳尚年), head of MOFA's Department of International Organizations, and Camilla Otto, director of donor co-financing under the EBRD.
Taiwan hopes the A4EG fund will help promote gender equality and the economic wellbeing of the underprivileged, in particular those living in Ukraine, MOFA said in a press release.
The signing ceremony took place during a EBRD donor day event held in Taipei.
Otto is part of a seven-member EBRD delegation that is visiting Taiwan under the leadership of EBRD Secretary General Kazuhiko Koguchi, according to MOFA.
Established in 1991, the London-based EBRD fosters the transition to market-oriented economies and promotes private and entrepreneurial initiatives. It has invested over 160 billion euros (US$166.14 billion) in more than 6,000 projects across three continents.
Taiwan has been a donor country to EBRD since 1991, providing more than 250 million euros in donor funds for technical cooperation projects and investment co-financing.
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Sharon Wu (吳尚年, right), head of MOFA's Department of International Organizations, and Camilla Otto, director of donor co-financing under the EBRD. Photo courtesy of MOFA