That's a very good question because defenders of the AIIB have said there's nothing to see here, folks, nothing to be concerned about with the Communist Party because the Communist Party in Beijing at the AIIB is just like Republicans and Democrats at the World Bank at Washington.
That is a school of opinion. That was a common reaction when I left the bank. Frankly, though, knowing a thing or two about doing business in China and having lived in the United States, I don't think that's a very good analogy.
I also happen to have had occasion to see, because of my years in China, how the president's office was working. I firmly believe that the president's office at the AIIB is far more powerful and, I would say, strongman focused, top-down and very commanding compared with what I understand to be the case at the ADB in Manila or at the World Bank in Washington, for example.
That made me think that the AIIB almost operated more like a domestic Chinese financial institution than a multilateral. Multilaterals in all these different countries, with all of these different members, are supposed to co-operate and communicate—not just be top down, or command, which was what I saw a lot of at the AIIB.