United States urges allies to think hard before joining Asia Development Bank

WASHINGTON (REUTERS) - The Obama administration on Tuesday urged any country joining a China-led development bank to question whether the institution would adhere to high standards in terms of avoiding corruption and protecting worker rights and the environment.

"Our point all along has been that anyone joining needs to ask those questions at the outset," Treasury Secretary Jack Lew told United States lawmakers when asked about the intention of several US allies in Europe to join the institution.

"I hope before the final commitments are made anyone who lends their name to this organisation will make sure that the governance is appropriate."