Chalmers opens door to quitting China-led bank ...Middle East

The bank’s communications chief, Bob Pickard, announced on social media he was quitting his job in June, complaining the China-led bank had a “toxic culture” which he blamed on Communist Party members’ stranglehold on key positions. In July, Mr Pickard told the Financial Review Australia should review its membership of the bank, saying it was investing in projects that ensured China received the credit, despite a number of western countries being shareholders. “[Western governments] are paraded about and put in the window at that bank for PR and image making,” Mr Pickard said. Australia was the sixth-biggest shareholder when it joined the bank in 2015, although the US and Japan pressed the

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Chalmers opens door to quitting China-led bank ...Middle East

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