LUXEMBOURG -- Western private-sector investment funds are being courted by the China-led Asian Infrastructure Investment Bank, said executives at the institution's annual meeting held last week in Luxembourg.
In a plenary session, Luxembourg's Minister of Finance Pierre Gramegna said: "We need to crowd in private capital ... Public money can trigger the guarantees, but we need the private sector." Luxembourg is one of the 100 member-countries and regions that are involved in AIIB and the first country outside of Asia to host an AIIB annual meeting.
