Canada will be a candidate to join the Asian Infrastructure Investment Bank (AIIB), an institution promoted by China that generates distrust of the United States, said on Wednesday in Beijing the Canadian Minister of Finance.
"Canada is always looking for ways to create hope and opportunity for our middle class and people from all over the world," said Minister Bill Morneau in a statement. "Being AIIB member is an opportunity to achieve this," he added.
The announcement coincides with a visit to China by Canadian Prime Minister, Justin Trudeau, before the G20 leaders summit in Hangzhou city on 4 and 5 September.
The AIIB, founded in 2015, is intended to finance infrastructure projects in Asia. Of the 57 founding members, about 20 are Western countries, including the UK, Germany and France.
But the bank is indeed a balance to other similar institutions controlled by the United States (World Bank) or Japan (Asian Development Bank).
The two countries refused to enter the AIIB, concerned that China use the institution for its own geopolitical goals.
China wants to strengthen its diplomatic influence in Asia but also in Europe with massive investments in what he called "new routes Silk" with the aim, among others, to sell its surplus of cement and steel production.
Beijing also participated in the creation of an emerging development bank next to Brazil, Russia, India and South Africa, whose headquarters is in Shanghai.
The AIIB plans to give credits of between 10 and 15 billion annually in its first years of existence, said in December its president, Chinese Jun Liqun, who had worked for the Asian Development Bank and the World Bank.
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