00:00The legislature is freezing nearly a quarter of its funding for the Asian Development Bank
00:05over Taiwan's designation as Taipei, China. Taiwan is a founding member of the regional bank,
00:11but its name was changed after China joined in 1986. Despite annual protests, the bank has never
00:17responded to Taiwan's concerns over the change. Taiwan's finance minister raised the issue for
00:22the third time in May, but said maintaining Taiwan's participation in the bank is more
00:27important than risking its exclusion. Lawmakers have agreed to the freeze until the bank responds.
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