Mr. Speaker, as of November 26, 2021, the Asian Infrastructure Investment Bank, AIIB, has funded 153 sovereign and non-sovereign projects since its creation. The nationality of the individuals employed by its clients in these projects is not a metric that is tracked by the AIIB.
The Government of Canada is aware of five Canadian firms having signed contracts as part of the AIIB’s corporate procurement since Canada officially joined the AIIB in March 2018: In 2018, the LEA Consulting Group provided consulting services on an AIIB-financed project; in 2018, the Hatch consultancy firm provided services on an AIIB-financed project; in 2019, the Edmonton-based Insignia Software Corporation provided library management system services to the AIIB; in 2020, EQ Consulting Inc. was awarded two separate contracts by the AIIB for the implementation of market risk tools and order management systems support; in 2021, a joint venture company involving the Canadian company ISW Consulting Limited provided consultancy services on an AIIB-financed project.
The AIIB’s treasury department has also procured the services of Canadian financial institutions, such as TD, BMO, RBC and Scotiabank, as part of its funding program.