Taiwan mislays $30m in foreign aid
By Kathrin Hille in Taipei
Published: May 2 2008 10:17 | Last updated: May 2 2008 10:17
Taiwan's government said on Friday that it had lost track of $30m in foreign aid after it handed the money to two men it barely knew hoping they could help establish diplomatic ties with Papua New Guinea.
The case offers a rare glimpse on how Taiwan, struggling to maintain its few diplomatic allies in the face of China’s rising influence, conducts money diplomacy.
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