Taiwan donated US$13 million to Sao Tome and Principe in 2009

24 May 2010

Sao Tome, Sao Tome and Principe, 24 May – Taiwan donated US$13 million to Sao Tome and Principe in 2009, with the largest portion of that financing applied to the energy sector, Sao Tome’s Ministry of Planning and Finance has indicated.

The official figures disclosed last Wednesday show that US$4.8 million of the amount donated by Taiwan, 36.9 percent of the total, were applied to set up a new power plant at Santo Amaro in Lobata district, 7 km from the capital Sao Tome.

The health sector ranked second, accounting for 16 percent of the total or US$2.2 million, basically applied to actions involving the fight against malaria and the renovation and modernisation of hospital centres.

The public works sector absorbed US$1.9 million, which were spent on improving Sao Tome’s international airport, the purchase of a ship and road repairs, followed by the agriculture and fishery sector with US$1.4 million used to build a fish market, improve the irrigation system and support agricultural diversification.

After Taiwan, which led the list of biggest donors in 2009, came Portugal with US$3 million, the European Union with 2 million and the United Nations with 1.3 million.

Taiwan is estimated to have donated more than US$140 million to Sao Tome and Principe under the bilateral cooperation begun in May 1997 following the establishment of diplomatic ties between the two island countries. (macauhub)