Private investment crucial for BRI

New sources of financing critical to fill funding gap, says Citibank vice-chairman

Participants in the Belt and Road Initiative have a growing desire to get as many of the Belt and Road projects done in the private sector as possible. Alan S. MacDonald, vice-chairman of Citibank, is one such participant.

"This is wonderful because it means that the program can be bigger. It doesn't only depend on the public sector. If you can do things in the private sector, then the public sector can use its resources in a more concentrated way to make these projects commercially viable in the private sector," MacDonald said on the sidelines of the Second Belt and Road Forum for International Cooperation in Beijing last month.