China says AIIB operates with 'openness, meritocracy and transparency'

Agence France-Presse

<p>BEIJING — Beijing said on Thursday the China-based Asian Infrastructure Investment Bank operated with "openness, meritocracy and transparency", after a former executive claimed it was dominated by the ruling Communist Party.</p><p>"Based on my understanding, the AIIB abides by the principles of openness, meritocracy and transparency in employee hiring and management," foreign ministry spokesman Wang Wenbin told a regular briefing.</p><p>Wang's comments came after Bob Pickard, a former communications chief at the bank, made explosive allegations after resigning this week, telling AFP he left China hastily over concerns for his safety.</p><p>Speaking from Tokyo, he said the bank "serves China's interest" and the Chinese Communist Party wields "undue" influence over every aspect of its operations.</p><p>Wang said: "Since its establishment more than seven years ago, the AIIB has adhered to international, normative and high-standard operations with the joint efforts of all members.</p><p>"A series of important achievements have been made in institutional building, strategic policies and investment work, which have been widely recognised by the international community," he said.</p><p>The bank employed staff from 65 countries and economies, Wang said.</p><ul class='op-related-articles'>	<li><a href='https://news.abs-cbn.com/business/03/04/22/china-backed-bank-halts-lending-to-russia-belarus'>China-backed bank AIIB halts lending to Russia, Belarus</a></li>	<li><a href='https://news.abs-cbn.com/business/05/29/20/china-backed-aiib-approves-750-m-loan-for-philippines-pandemic-response'>China-backed AIIB approves $750-M loan for Philippines' pandemic response</a></li></ul><p><strong>RELATED VIDEO</strong></p><figure class='op-interactive'><iframe height='315' src='https://www.youtube.com/embed/eY0RLCBAz9E?enablejsapi=1' width='560'></iframe></figure><div class='iwantbar'>Watch more News on <a href='https://www.iwanttfc.com/#!/browse/Genres/News/tag_id_genres/id_news' target='_blank'>iWantTFC</a></div>

<p>Wang said: "Since its establishment more than seven years ago, the AIIB has adhered to international, normative and high-standard operations with the joint efforts of all members.</p><p>"A series of important achievements have been made in institutional building, strategic policies and investment work, which have been widely recognised by the international community," he said.</p><p>The bank employed staff from 65 countries and economies, Wang said.</p><ul class='op-related-articles'>	<li><a href='https://news.abs-cbn.com/business/03/04/22/china-backed-bank-halts-lending-to-russia-belarus'>China-backed bank AIIB halts lending to Russia, Belarus</a></li>	<li><a href='https://news.abs-cbn.com/business/05/29/20/china-backed-aiib-approves-750-m-loan-for-philippines-pandemic-response'>China-backed AIIB approves $750-M loan for Philippines' pandemic response</a></li></ul><p><strong>RELATED VIDEO</strong></p><figure class='op-interactive'><iframe height='315' src='https://www.youtube.com/embed/eY0RLCBAz9E?enablejsapi=1' width='560'></iframe></figure><div class='iwantbar'>Watch more News on <a href='https://www.iwanttfc.com/#!/browse/Genres/News/tag_id_genres/id_news' target='_blank'>iWantTFC</a></div>

<p>Wang's comments came after Bob Pickard, a former communications chief at the bank, made explosive allegations after resigning this week, telling AFP he left China hastily over concerns for his safety.</p><p>Speaking from Tokyo, he said the bank "serves China's interest" and the Chinese Communist Party wields "undue" influence over every aspect of its operations.</p>

<p>BEIJING — Beijing said on Thursday the China-based Asian Infrastructure Investment Bank operated with "openness, meritocracy and transparency", after a former executive claimed it was dominated by the ruling Communist Party.</p><p>"Based on my understanding, the AIIB abides by the principles of openness, meritocracy and transparency in employee hiring and management," foreign ministry spokesman Wang Wenbin told a regular briefing.</p>

Beijing said on Thursday the China-based Asian Infrastructure Investment Bank operated with 'openness, meritocracy and transparency', after a former executive claimed it was dominated by the ruling Communist Party.

China says AIIB operates with 'openness, meritocracy and transparency' | ABS-CBN News

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China says AIIB operates with 'openness, meritocracy and transparency'

China says AIIB operates with 'openness, meritocracy and transparency'