Executive Yuan, Development Fund
News and Updates10/24/2008
Cabinet to expand National Development Fund to stabilize economy
The Cabinet decided Thursday to expand the size of the National Development Fund from NT$200 billion (US$6.01 billion) to NT$1 trillion to increase government investment in local businesses, in a bid to stabilize the country's economic situation. Chen Tain-jy, chairman of the Council for Economic Planning and Development, said after a Cabinet meeting that the decision was made in light of the serious impact of the global financial crisis on Taiwan's economy.
read more: Taiwan News
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