President Mario Abdo Benitez of Paraguay has said that his nation requires $1 billion in investment from Taiwan to help the Paraguayan government resist pressure to switch diplomatic recognition to China.
Benitez said in an interview with the Financial Times on Sept. 29 that his government was working with Taiwan’s president Tsai Ing-wen to ensure that Paraguayans “feel the real benefits of the strategic alliance.”
“There is Taiwanese investment of more than $6 billion in countries which don’t have diplomatic relations with Taiwan, we want from that $1 billion to be put in Paraguay,” he said in the interview.
Benitez said the $1 billion investment would help his government “build the argument” about the importance of keeping its alliance with the self-ruled island….