I think the pipeline projects are very interesting, in particular the Azerbaijan one, because that's a project that was not exclusively financed by the AIIB and speaks to the enormity of the costs of bringing these pipeline and infrastructure projects forward. The Azerbaijan pipeline is a project that not only involves AIIB but is also funded by the World Bank, by EBRD—the European Bank for Reconstruction and Development—and by the European Investment Bank. That's an example of the enormity of investment that's required and the broad consensus that is being built.
I think there are strategic considerations to those projects that some of our colleagues in other parts of town would be better able to speak to, but it may provide you with some comfort to know that when the projects are brought to the banks—including the Azerbaijan one, which we vetted from the EBRD side because we weren't yet members of the AIIB—the Canadian directors at the bank who are involved in the consideration bring those projects back to the Department of Finance if the Minister of Finance is the governor of that bank, or to Global Affairs Canada if the Minister of Foreign Affairs is the governor. Then a careful assessment of those projects is done jointly between the officials at Global Affairs Canada and Finance Canada, which is exactly the type of assessment you are asking about.
There is a very careful process by officials, and then advice is given back by officials to the people who are representing Canada at the banks. That allows us to ask questions and look for certain safeguards before a vote is taken.