Guatemala is not asking for 'free money' from Taiwan and does not owe debt in the same way Honduras does, but is looking for long-term investment and trade, senior Guatemalan financial officials said on Monday.
A Taiwan and Guatemala flag is seen at an investment event in Taipei, Taiwan April 24, 2023. REUTERS/Ann WangTAIPEI, April 24 - Guatemala is not asking for "free money" from Taiwan and does not owe debt in the same way Honduras does, but is looking for long-term investment and trade, senior Guatemalan financial officials said on Monday.
"We want to have a better balanced trade, so what we are promoting is for more investment from enterprises from Taiwan to Guatemala and to extend cooperation between the two countries. It has been a great alliance," he said.Taiwan President Tsai Ing-wenTaiwan and China have for years accused each other of buying diplomatic recognition with generous aid packages, but Taipei says it will not use "dollar diplomacy" to compete with Beijing.
"I think we can ask Taiwan but not free money. Maybe they can invest in some bonds of Guatemala for example, and find projects that can last for 25, 30 years, not just donations to certain projects in the short-run," he said.
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