I'd be happy to. This is turning out to be a bit like question period now, but I'll actually answer the question.
My answer is no, of course not, but you're asking us to spend $375 million U.S. of new money. Not every project has World Bank money attached to it.
Let me give you as an example the Duqm port commercial terminal and operational zone development project. The project status right now is that it's under construction. If your government had been reading about the project, reading the newspapers, and reading the analyses of it, you would know that there are massive concerns about the abuse of migrant workers and unfair labour conditions for those migrant workers in Oman. I refuse to believe that this government somehow would have done a human rights review, as the witnesses said, and not have noticed that fact at some point.
We're transferring $375 million U.S. of new money that will be financing the loans that will eventually make their way to this project. Of course, for each of these projects, you don't give all of the loan money up front; you give it in pieces over time. Canadian taxpayer dollars will go towards this Omani project where there are human rights concerns. Not all projects are funded by the World Bank. Some projects receive money—some, not all. The IMF is giving money to some of them as is the ADB, but not to all of them.
The unique thing about this bank is that it's led by the Chinese government and is explicitly for the purpose of one belt, one road, or OBOR, initiative. The one purpose behind this project is to find opportunities to further China's economic interests. They have said that explicitly and repeatedly.
All we're getting here is less than 1% of the shares and no seat at the table. We're not on the board of directors. We're not involved anywhere. We're not talking about institutions that are part of the Bretton Woods institutions, which we have been part of for 50-plus years. We're talking about a new institution not led by one of our allies.