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Ottawa misses deadline to join China-backed Asian infrastructure bank – The Globe and Mail

March 31, 2015

Canada has missed a key deadline for joining a Beijing-backed infrastructure bank, limiting the influence the government will have over how the new institution will run.

China set Tuesday, March 31, as the last day for governments to signal their interest in becoming founding members of the Asian Infrastructure Investment Bank, which seeks to fund roads, railways and other projects in the region. More than 40 countries signed on, generating significant global momentum for the bank as it works out the details of how the new organization will be governed.