Finance committee  There is no restriction around timing.

Finance committee  I believe they would be reopened to other shareholders who are looking to increase their shareholding in the bank. The bank would retain them and then open them up according to the allocation formula.

Finance committee  I think it's important to be clear about the leadership of the different multilateral banks. Both of them are multilateral banks. Neither of them is led by one particular country. They have multiple shareholders. The AIIB right now is looking at 80. It had 57 founding members. Th

Finance committee  It was in May and June of this year.

Finance committee  There's a constant review of the projects, because the list of projects is not stagnant. There are constantly new projects in the pipeline, which are being considered and brought forth. There's a constant examination of the projects. If it would be helpful to the committee, we co

Finance committee  Of course. I can take you through a couple of the specific policies, and then we'd be happy to provide you with additional information, if required. The first one to take is the policy on prohibited practices. The AIIB has a very specific policy on this and this applies to sanc

Finance committee  It was “could”, in that if we did choose to join—if the legislation goes through—that opportunity would present itself to Canada. In terms of the specifics of the board, I'll hand that to Neil.

Finance committee  No, Mr. Chair, I did not.

Finance committee  That's an excellent question. Because Canada was not a founding member of the AIIB, there's been a little bit of uncertainty regarding the possible shareholding. There is a shareholding allocation formula for the AIIB. The government's decision to join the AIIB envisioned Canad

Finance committee  There is the potential for dividends to be paid back to members of the banks, as there is for most multilateral development banks and international financial institutions; however, to my knowledge, that hasn't occurred. There are normally not dividends that are paid back, but tha

Finance committee  Thank you, Mr. Chair. The first issue to address is the Asian Infrastructure Investment Bank, the AIIB, so part 5, division 2. By way of context, international financial institutions, including multilateral development banks, are an important part of the international order and