J.P. Morgan Launches Development Finance Institution (1/2020).
“J.P. Morgan (NYSE: JPM) today announced the creation of the J.P. Morgan Development Finance Institution (DFI) to expand its development-oriented financing activities in emerging markets. In consultation with leading development institutions, J.P. Morgan has created rules-based criteria to help identify business activities and opportunities that generate both financial and developmental returns.
‘By defining eligible transactions and anticipating their impact, we can help attract much-needed private investment to developing countries,’ said Daniel Pinto, Co-President of JPMorgan Chase and CEO of the Corporate & Investment Bank. ‘Our aim is to increase engagement with clients and investors interested in financing critical projects and transactions in emerging markets.’…”
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