Category: Asian Infrastructure Investment Bank

EXPLAINER: What Is Canada’s Involvement in the Beijing-Backed Asian Infrastructure Investment Bank?

July 11, 2023
aiibAsian Infrastructure Investment BankCanadaChinaChina NewsChinese RegimeChrystia FreelandWorld
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Nearly a month after Canada announced it would pause all activity at the Asian Infrastructure Investment Bank (AIIB) while launching an investigation, Canada still remains invested in the Beijing-founded institution. On June 14, Ottawa announced it would cease all activity at the AIIB while it investigated allegations made by its former global communications director, Bob…

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MPs Question Finance Officials on Ottawa’s Activities With Asian Infrastructure Bank

June 22, 2023
aiibAsian Infrastructure Investment BankBob PickardCanadaChina NewsChinese RegimeChrystia FreelandGarnett GenuisWorld
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Officials from the Department of Finance declined to answer questions from MPs this week while appearing before a House of Commons committee studying the federal government’s recent suspension of activity with the Asian Infrastructure Investment Bank (AIIB). James Wu, director general of the finance department’s funds management division, and Kathleen Wrye, director of the department’s financial…

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Membership in Asian Infrastructure Bank Has No ‘Tangible Benefit’ for Canada, Says Former Executive

June 21, 2023
Asian Infrastructure Investment BankbankBob PickardCanadaChinaChina NewsChinese RegimeChrystia FreelandWorld
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The former director general of global communications for the Asian Infrastructure Investment Bank (AIIB) said Canada’s membership in the AIIB is inconsistent with its values and does not benefit the country. “I didn’t find a single tangible benefit to communicate back home here to Canada of what this bank does that is consistent with our…

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Ex-AIIB Comms Chief Says Was Advised to Flee China After Fiery Resignation

June 15, 2023
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A senior employee of the Beijing-based Asian Infrastructure Investment Bank (AIIB) said on Thursday he was advised to flee the country after resigning from the bank in protest over what he alleged was Chinese Communist Party influence. Bob Pickard, a Canadian national and former global communications chief for the AIIB, announced his resignation in a…

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Executive With Beijing-Led Infrastructure Bank Resigns, Says AIIB Dominated by Communist Party Members

June 14, 2023
Asian Infrastructure Investment BankCanadaChina Business & EconomyChina NewsChinese Communist PartyChinese RegimePrime Minister Justin TrudeauWorldXi Jinping
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The global communications chief for the Asian Infrastructure Investment Bank (AIIB) has announced his resignation, saying in a statement on June 14 that the bank is being controlled by “Communist Party hacks” and that Canada’s best interests are not served by being a member. “As a patriotic Canadian, this was my only course,” said executive…

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Canadian Executive With Beijing-Led Infrastructure Bank Resigns, Says AIIB Dominated by CCP Members

June 14, 2023
Asian Infrastructure Investment BankCanadaChina Business & EconomyChina NewsChinese Communist PartyChinese RegimePrime Minister Justin TrudeauWorldXi Jinping
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The global communications chief for the Asian Infrastructure Investment Bank (AIIB) has announced his resignation, saying in a statement on June 14 that the bank is being controlled by “Communist Party hacks” and that Canada’s best interests are not served by being a member. “As a patriotic Canadian, this was my only course,” said executive…

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Canadian Executive Quits Beijing-Led Infrastructure Bank, Citing CCP Control

June 14, 2023
Asian Infrastructure Investment BankCanadaChina Business & EconomyChina NewsChinese Communist PartyChinese RegimeWorldXi Jinping
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The global communications chief for the Asian Infrastructure Investment Bank (AIIB) has announced his resignation, saying in a statement on June 14 that the bank is being controlled by “Communist Party hacks” and that Canada’s best interests are not served by being a member. “As a patriotic Canadian, this was my only course,” said executive…

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Canadian Executive Quits Beijing-Led Asian Infrastructure Investment Bank, Citing CCP Control

June 14, 2023
Asian Infrastructure Investment BankCanadaChina Business & EconomyChina NewsChinese Communist PartyChinese RegimeWorldXi Jinping
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The global communications chief for the Asian Infrastructure Investment Bank (AIIB) has announced his resignation, saying in a statement on June 14 that the bank is being controlled by “Communist Party hacks” and that Canada’s best interests are not served by being a member. “As a patriotic Canadian, this was my only course,” said executive…

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Canada Halts Activities With China-Led Asian Infrastructure Investment Bank

June 14, 2023
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Ottawa said it will cease all activity at the China-led Asian Infrastructure Investment Bank (AIIB) while it investigates claims made by the bank’s global communications director after announcing his resignation. “The Canadian government will also discuss this issue with its allies and partners who are members of the bank. China, as the world’s second-largest economy,…

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Cabinet Unsure If Canada’s $510 Million Investment in Chinese Infrastructure Bank Created Jobs

September 27, 2022
Asian Infrastructure Investment BankCanadaChinese Communist Party (CCP)human rightsjobsWorld
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Cabinet says it’s unclear if any jobs were created after Canada made a $510 million investment in Beijing’s Asian Infrastructure Investment Bank (AIIB), documents show. “The Government of Canada is aware of five Canadian firms having signed contracts as part of the Bank’s corporate procurement,” cabinet wrote in a report introduced in the Senate at…

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