Canada Cuts Ties With Asian Infrastructure Bank on Claims of Chinese Interference
- Canadian leaves bank, says Communist Party members dominate
- AIIB calls comments “baseless,” defends multilateral approach
A woman passes the Asian Infrastructure Investment Bank headquarters building in Beijing.
Photographer: Qilai Shen/BloombergThis article is for subscribers only.
Prime Minister Justin Trudeau’s government stopped Canada’s work with the Asian Infrastructure Investment Bank while it investigates claims the institution faces substantial interference from the Chinese government.
“Canada will immediately halt all government-led activity at the bank,” Finance Minister Chrystia Freeland told reporters Wednesday in Ottawa. “I have instructed the Department of Finance to lead an immediate review of the allegations raised and of Canada’s involvement in the AIIB.”