{"id":18223,"date":"2023-06-14T12:13:21","date_gmt":"2023-06-14T19:13:21","guid":{"rendered":"https:\/\/essential.construction\/news\/canada-halts-activity-at-asian-development-bank-looks-to-review-its-membership\/"},"modified":"2023-06-14T12:13:22","modified_gmt":"2023-06-14T19:13:22","slug":"canada-halts-activity-at-asian-development-bank-looks-to-review-its-membership","status":"publish","type":"post","link":"https:\/\/essential.construction\/news\/canada-halts-activity-at-asian-development-bank-looks-to-review-its-membership\/","title":{"rendered":"Canada halts activity at Asian development bank, looks to review its membership"},"content":{"rendered":"<p> <a href=\"https:\/\/essential.construction\/files\/membership-default-internal\/\" class=\"memberhide\"><img decoding=\"async\" src=\"https:\/\/essential.construction\/news\/wp-content\/uploads\/sites\/15\/2023\/01\/20220718_175041000_iOS.jpg\" alt=\"-\"><\/a><br\/><br \/>\n<\/p>\n<div>\n<p>OTTAWA \u2013 Finance Minister Chrystia Freeland says Canada will halt all government-led activity at the Asian Infrastructure Investment Bank after a Canadian citizen tendered his resignation from the financial institution.<\/p>\n<p>Bob Pickard said in a tweet today that he resigned as the bank\u2019s global communications chief because the bank is \u201cdominated\u201d by members of the Chinese Communist Party.<\/p>\n<p>The bank called the allegations \u201ccategorically false\u201d in a statement and said \u201cno one state or political party has any say over the strategic or operational direction of the bank.\u201d<\/p>\n<p>Canada joined the bank in 2017 and holds less than one per cent of the voting power, in contrast with China, which holds more than a quarter of the voting power.<\/p>\n<p>Freeland says she\u2019s instructed the Finance Department to lead an \u201cimmediate review\u201d of the allegations and Canada\u2019s involvement in the bank.<\/p>\n<p>The finance minister says the review will be conducted \u201cexpeditiously\u201d and that she\u2019s not ruling out any outcome following its completion.<\/p>\n<p style=\"text-align: center;\"><strong>\u00a9 2023 THE CANADIAN PRESS<\/strong><\/p>\n<\/p><\/div>\n<p><script async src=\"https:\/\/pagead2.googlesyndication.com\/pagead\/js\/adsbygoogle.js?client=ca-pub-5143531171910809\"\r\n     crossorigin=\"anonymous\"><\/script>\r\n<!-- News - Bottom -->\r\n<ins class=\"adsbygoogle\"\r\n     style=\"display:block\"\r\n     data-ad-client=\"ca-pub-5143531171910809\"\r\n     data-ad-slot=\"8320848692\"\r\n     data-ad-format=\"auto\"\r\n     data-full-width-responsive=\"true\"><\/ins>\r\n<script>\r\n     (adsbygoogle = window.adsbygoogle || []).push({});\r\n<\/script><br \/>\n<br \/><a href=\"https:\/\/canada.constructconnect.com\/dcn\/news\/government\/2023\/06\/canada-halts-activity-at-asian-development-bank-looks-to-review-its-membership\" rel=\"nofollow noopener\" target=\"_blank\">This article was originally posted at Source link <\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>OTTAWA \u2013 Finance Minister Chrystia Freeland says Canada will halt all government-led activity at the Asian Infrastructure Investment Bank after &#8230; 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