TAIPEI - TAIWAN on Thursday announced a loan programme totalling 600 billion Taiwan dollars (S$27 billion) aimed at helping large companies through a global financial crisis.
Banks will provide the loans to the companies with their own funds, but the central bank will supply money to the lenders should they run short, a cabinet statement said.
The programme took effect immediately and companies can apply for the loans, which will have a maximum tenure of five years, until the end of 2010, it said.
Taiwan has attempted to boost investment as growth flagged and the financial markets slumped amid the global financial meltdown.
The government in September unveiled an economic stimulus package worth US$5.6 billion (S$8.5 billion) to help achieve its target of 4.3 per cent economic growth this year and shore up the ailing stock market.
