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Canada freezes ties with AIIB after ‘communist dominance’ claims

AIIB Canada Bob Pickard Chrystia Freeland China Beijing Ottawa

Chinese President Xi Jinping at the AIIB launch in 2016 [File: Mark Schiefelbein/Pool via AP Photo]

Canada has said it is freezing ties with the China-led Asian Infrastructure Investment Bank (AIIB) while it investigates claims by a former senior member of staff that the institution is dominated by the Chinese Communist Party.

Finance Minister Chrystia Freeland announced the move on Wednesday, after Canadian Bob Pickard, the AIIB’s global communications director, resigned from his job and criticised the bank as “dominated by the Communist Party”.

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