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China-based development bank rejects claims of CCP control

CCP AIIB Bob Pickard China World Bank

The AIIB was established in 2016 as an alternative to Western lenders, such as the World Bank [File: Tingshu Wang/Reuters]

A China-based multilateral development bank has dismissed a whistleblower’s claims that it has a toxic culture and is dominated by the Chinese Communist Party (CCP) following an internal investigation.

The Asian Infrastructure Investment Bank (AIIB) said on Friday that an internal review found that the bank follows the “highest standards of multilateral governance” and that its “governance is functioning as intended”.

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