| Taiwan Ex-Im
Bank Pursues 1991 DR Congo Loan But No
Progress So End of Sanctions Mulled
By Matthew
Russell Lee, Patreon Maxwell
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BBC
- Guardian
UK - Honduras
- ESPN
SDNY COURTHOUSE,
Jan 5 – Taiwan or the Republic
of China lent Zaire now the DR
Congo $20 million in 1991. Now
DRC is not paying, and Taiwan
has sued.
Taiwan's
Ex-Im Bank on December 29
filed to U.S. District Court
for the Southern District of
New York Judge Jesse M. Furman
a status report; Inner City
Press found it in the
docket.
Taiwan's
Ex-Im Bank's counsel says they
met with DRC Minister of
Justice Rose Mutombo - but
that nothing has happened
since, according to Benita
Kindongo.
On January 5
Judge Furman held a conference
and Inner City Press covered
it. Counsel for Taiwan
mentioned maybe getting the
U.S. State Department
involved, and noted that he
had succeeded in getting Niger
to pay back (some of) its loan
to Taiwan, albeit after 15
years of effort.
Judge
Furman said sanctions are not
meant to be punitive and might
not be having an impact here.
He directed Taiwan's Ex-Im
Bank's counsel to address the
issue in his next status
letter as well as to meet and
confer with Ivanhoe Mines US
LLC to narrow or withdraw his
subpoena as moot.
The case is The
Export-Import Bank of the
Republic of China v.
Democratic Republic of the
Congo, 16-cv-4480 (Furman)
***
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