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Asian Infrastructure Investment Bank

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politics2 years ago

Canada Suspends Relations with Chinese Development Bank Over Communist Party Control Allegations

Canada has suspended ties with the Beijing-based Asian Infrastructure Investment Bank (AIIB) over allegations that the Chinese Communist Party has infiltrated the institution. The allegations were made by a Canadian citizen who resigned as global head of communications for the AIIB. The AIIB, which began operations in 2016, was designed to provide investment in infrastructure and regional networks. Canada joined the AIIB in 2018 and has since pledged a total of $995.4 million. The Canadian government has ordered a review of the allegations and has not ruled out any outcome following its completion.

via CNN|
#asian-infrastructure-investment-bank#beijing#canada
politics2 years ago

Controversy Surrounding China's AIIB and Communist Party Control

China's embassy in Ottawa has dismissed claims made by Bob Pickard, the former global communications head of the Asian Infrastructure Investment Bank (AIIB), that the bank has a "toxic culture" and is dominated by Chinese party members. The embassy called Pickard's claims "outright lies" and accused him of trying to damage the bank's reputation. Pickard's resignation has sparked an investigation in Canada.

via South China Morning Post|
#asian-infrastructure-investment-bank#bob-pickard#canada
politics2 years ago

Allegations of Chinese Communist Party infiltration in AIIB

The Chinese Communist Party has been accused of infiltrating the Asian Infrastructure Investment Bank (AIIB), a multilateral development bank founded by China in 2015. The accusations come from a report by the Australian Strategic Policy Institute, which claims that the AIIB has been used to promote China's strategic interests and that the bank's governance structure is heavily influenced by the Chinese Communist Party. The AIIB has denied the allegations.

via Financial Times|
#accusations#asian-infrastructure-investment-bank#china