JP Morgan’s internal development bank on target but still has sceptics

By Mariam Meskin
27 Aug 2020

JP Morgan’s new Development Finance Institution (DFI) has been racking up its deal count during the coronavirus crisis. Its aim is to bring transparency and more investment to development finance in emerging markets, but some experts are doubtful about the project.

Launched in January, the unit is intended to direct capital from other development institutions and private sources towards poorer countries. JP Morgan set out to finance $100bn of transactions a year. Seven months later, despite this year’s volatility, the bank says it is on track to achieve that target ...

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