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Canada’s finance minister says it is suspending activity with a Chinese-founded
development bank while it investigates complaints by a Canadian who resigned from the lender that it is dominated by “Communist Party hacks” and his country shouldn’t be a member.

The Asian Infrastructure Investment Bank, seen by some as a Chinese rival to the World Bank and Asian Development Bank, was founded in 2016 to finance railways and other infrastructure. It has 106 member governments including most Asian countries and Australia, Canada, Russia, France and Britain. Japan and the United States aren’t members.

“The government of Canada will immediately halt all government-led activity at the bank,” Chrystia Freeland, who also is deputy prime minister, told reporters in Ottawa. “I have instructed the Department of Finance to lead an immediate review of the allegations raised and of Canada’s involvement in the AIIB.”

“As the world’s democracies work to de-risk our economies by limiting our strategic vulnerabilities to authoritarian regimes, we must likewise be clear about the means through which these regimes exercise their influence around the world,” Freeland said.