We have been doing business in Panama for more than 110 years, when we were chosen by the U.S. Treasury to arrange fund transfers for payments for the construction of the Panama Canal.
Our commitment to helping clients in Latin America dates back to the 19th century. As a result of our long-standing presence, we have built long-term and trusted relationships with Latin American industry leaders, financial institutions, governments, family-owned businesses and private clients.
We are committed to building vibrant communities, preserving the environment and promoting an inclusive culture across the globe that benefits people today and for generations to come. To achieve these objectives and maximize giving, our corporate responsibility programs in Latin America reflect our philanthropic goals in the areas of community development, education and arts and culture. Philanthropic efforts support local communities and a number of local best-in-class microfinance and micro-entrepreneurship programs.
J.P. Morgan is a global leader in financial services, offering solutions to the world's most important corporations, governments and institutions in more than 100 countries. As announced in early 2018, JPMorgan Chase will deploy $1.75 billion in philanthropic capital around the world by 2023. We also lead volunteer service activities for employees in local communities by utilizing our many resources, including those that stem from access to capital, economies of scale, global reach and expertise.
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