![]() The United States is not a member.Ĭanada joined the AIIB in 2018, and has since pledged a total of $995.4 million, according to the bank. But the United Kingdom was first to break ranks, announcing in 2015 that it would apply for membership. Skeptical about how the bank would be run, and seeking to limit its effectiveness, the United States quietly encouraged allies not to participate. Beijing was frustrated at its lack of influence at the World Bank, based in Washington, DC, and the Asian Development Bank, where Japan is a major force. ![]() The AIIB began operations in 2016 as the brainchild of Chinese leader Xi Jinping, and was designed to provide investment in infrastructure and regional networks. “Throughout this time, the bank has supported and empowered him to perform his role,” it said. In a statement, the AIIB called his comments “baseless and disappointing.” Pickard did not provide evidence to support the allegations, nor immediately respond Thursday to a request for further comment or an interview. “I don’t believe that my country’s interests are served by its AIIB membership.” “The bank is dominated by Communist Party members and also has one of the most toxic cultures imaginable,” he added, without elaborating. China is 'committed to net zero,' head of top Asian development bank says at COP27
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