NZ not reconsidering membership of Asian infrastructure bank

General Business

8 mins to read

Key points

What's at stake: New Zealand's future membership of the Asian Infrastructure Investment Bank after it faced allegations regarding China's influence over the organisation and its investments.
Background: The AIIB was formed as a multilateral development bank based in Beijing in 2016.
Main players: AIIB, chief financial officer Andrew Cross, Treasury, the World Bank.

New Zealand is not reconsidering its membership of the Asian Infrastructure Investment Bank (AIIB), according to Treasury, despite recent allegations from a former bank staffer regarding China’s influence over the multilateral institution's operations and investments.

The bank's Kiwi chief

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Will Mace Thu, 02 Nov 2023

Contact the Writer: william@nbr.co.nz

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