Feb 2016 | THE FEBRUARY ISSUE
This past summer, representatives from 50 countries met in Beijing to sign on as founding members of the Asia Infrastructure Investment Bank (AIIB), a new multilateral development bank that will provide infrastructure investment loans to Asia. Canada was not among the countries taking up a pen in the Great Hall, nor was it one of the 57 countries that indicated an interest in joining this new and powerful club. This was a missed opportunity—an opportunity to be in on the ground floor in shaping a multilateral institution that is likely to play a key role in the future economic development of the Asia Pacific region. A possible opportunity to shape what may turn out to be a founding institution of Bretton Woods 2.0.