Mr. Speaker, on June 14, 2023, the Deputy Prime Minister and Minister of Finance announced that the Government of Canada would immediately halt all government led activity at the Asian Infrastructure Investment Bank, or AIIB, and instructed the Department of Finance to lead a review of the allegations raised and of Canada’s involvement in the AIIB. The Deputy Prime Minister and Minister of Finance issued an update on Canada’s AIIB review on December 8, 2023. As indicated in the statement, while Canada’s engagement with its partners continues, Canada’s participation in the AIIB will remain indefinitely suspended. During this pause, Canada will continue to withhold any further capital subscription payments owed.
Payments from the Government of Canada to the AIIB are recorded in the Public Accounts of Canada, found at https://www.tpsgc-pwgsc.gc.ca/recgen/cpc-pac/index-eng.html.