The Asian Infrastructure Investment Bank is a Chinese-controlled investment bank alternative to the World Bank and the Japanese-dominated Asian Development Bank. It seems primarily to serve the interests of China's geostrategic program of the belt and road. There are no projects in, say, Canada, but we have made a substantial contribution to that Asian investment bank, which I believe would serve China's interests more than those of Canada in the investments they're undertaking in Asia.
On June 8th, 2020. See this statement in context.