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Canada Actively Considering Joining China-led Asia Bank

Posted April 15, 2015

Under Economic Issues, International Trade Issues

(Randall Palmer – Reuters)

Canada broke its silence on Tuesday over whether it would take part in the China-led Asian Infrastructure Investment Bank, signaling it was actively considering joining the institution despite U.S. and Japanese reservations.

A senior Canadian finance official revealed the stance to reporters ahead of meetings in Washington of the Group of 20 (G20) leading economies, saying Ottawa welcomed the idea of a new Asian infrastructure investment bank.

 The official, speaking on condition of anonymity, said Ottawa wanted to make sure the AIIB's governance met the high standards expected of such an institution and would take the time needed to ensure it was something Canada would want to join. Click here to read more.