Taiwan to boost credit guarantee fund

Note: This section contains information in English only.
Source: Marketwatch

Taiwan's government announced it would inject more resources in the credit guarantee fund that supports small and medium enterprises as bleak economic outlook started to impact the export-led economy of the country. The government plans to pump NT$8 billion into the organization rising its coverage for NT$112 billion in loans. Taiwan's GDP increased by 4.51% in 2011 as compared to 4.56% initially expected.

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