Canadian staffer of Asian Infrastructure Investment Bank resigned Wednesday, saying bank dominated by Beijing’s Communist Party
Deputy Prime Minister Chrystia Freeland says Ottawa is launching a review of Canada’s membership in the China-led Asian Infrastructure Investment Bank as well as allegations raised by a former bank staffer who accused it of being “dominated by the Communist Party.”resigned Tuesday from the institution
She said she was not “ruling out any outcome” following this review but she did repeat past concerns about authoritarian governments such as“As the world’s democracies work to de-risk our economies, by limiting our strategic vulnerabilities to authoritarian regimes, we must likewise be clear about the means through which these regimes exercise their influence around the world.”
In an interview Wednesday, he said even after a year and four months on the job he was still unable to explain what benefit the bank served for Canada. “I was still scratching my head, wondering what it is I could communicate to my compatriots about the value of their membership in the bank,” he said. “And I was looking for that narrative, but there was nothing there. Nothing. Zilch. Nada.”
Ms. Freeland remains a governor of the Asian bank for now, with her alternate being Rob Stewart, deputy minister of international trade. “The bank was seen as a geopolitical validation exercise by the Chinese government rather than a substantive opportunity for Canada,” he said. “That thesis has proven to be true.”
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