Despite decades of dynamic economic growth and the emergence of a vibrant democracy, and with a population larger than that of Australia and that makes significant contributions to the world, Taiwan continues to be excluded from the International Monetary Fund (IMF). As a result, it is unable to fully participate in and contribute its vast resources to an international monetary and financial system.
Taiwan is home to one of the world’s largest economies, with a GDP per capita eclipsing Japan’s and nearly matching that of Germany. Taiwan needs access to information on the economic policies of all member countries, the opportunity to influence other members’ economic policies, technical assistance in banking, fiscal affairs and exchange matters, and increased opportunities for trade and investment.
For these reasons, I think the exclusion of Taiwan from the IMF is wrong and unjust to the 23 million people of Taiwan. It is just so important for the United States to support full IMF participation for Taiwan.
Overseas Chinese Affairs Council
Potomac Falls, Va.