MPs Question Finance Officials on Ottawa s Activities With Asian Infrastructure Bank theepochtimes.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from theepochtimes.com Daily Mail and Mail on Sunday newspapers.
Canada Should Pull Out of Beijing’s Infrastructure Bank
Commentary
Due to a paralyzing lack of fecundity in Canadian foreign policy thinking, there seems to be among certain policymakers and commentators a tendency to make multilateralism into something like a religion. No matter the merits of an institution, if it is “multilateral” it is virtuous, and Canada must be uncritically involved in it.
This approach is manifest when it comes to rationalizing Canada’s questionable membership in the Beijing-run Asian Infrastructure Investment Bank. Established by the Chinese Communist Party on Christmas Day 2015, the bank operates as an alternative to the American and European-led World Bank and International Monetary Fund for funding infrastructure projects in countries throughout Asia, Latin America, and Africa.