Canada Halts Activities With China-Led Asian Infrastructure Investment Bank

Canada Halts Activities With China-Led Asian Infrastructure Investment Bank
Deputy Prime Minister and Minister of Finance Chrystia Freeland pauses while responding to questions during the second day of a Liberal cabinet retreat, in Vancouver on Sept. 7, 2022. The Canadian Press/Darryl Dyck
Matthew Horwood
Updated:

Ottawa says it will cease all activity at the China-led Asian Infrastructure Investment Bank (AIIB) while it investigates allegations 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, needs to play a role in solving global problems which affect every country,” Deputy Prime Minister Chrystia Freeland told reporters on June 14.