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US House committee approves bill to support Taiwan’s IMF membership

  • The US House Financial Services Committee approved a bipartisan bill supporting Taiwan's admission to the International Monetary Fund .
  • The bill, introduced by Representative Young Kim and Representative Al Green, calls for US government support for Taiwan's IMF membership and economic activities.
  • Representative Young Kim stated it would be 'absurd' to exclude Taiwan, noting it is a significant trade partner and the fifth-largest holder of foreign exchange reserves.
  • The legislation underscores that Taiwan need not be a UN member to join the IMF, as highlighted by Kim's comparison to Kosovo's IMF membership despite its UN status.
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Infobae broke the news in Buenos Aires, Argentina on Thursday, March 6, 2025.
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