The United Nations estimates that achieving the Sustainable Development Goals—which seek to address basic infrastructure, food security, climate change, health, and education—by 2030 will require $5 to $7 trillion per year, with an annual investment gap of about $2.5 trillion in developing countries. By galvanizing private capital towards this ambition, the J.P. Morgan DFI aims to help narrow the funding gap.
With its newly launched Development Finance Institution, J.P. Morgan expects to attract additional investment into emerging economies—including connecting philanthropic or concessional funds with private capital to spur investment through blended finance models. In 2019 alone, J.P. Morgan served clients in 82 of the 144 World Bank-eligible borrowing countries. The DFI estimates that J.P. Morgan will be able to finance development activities valued at more than $100 billion annually from investment banking transactions alone, with additional contributions from its markets businesses. The J.P. Morgan DFI intends to work with existing clients, both governments and those in the private sector, as well as prospective clients across the capital markets.
About J.P. Morgan’s Corporate & Investment Bank
J.P. Morgan’s Corporate & Investment Bank is a global leader across banking, markets and investor services. Many of the world’s largest corporations, governments and institutions entrust us with their business in more than 100 countries. With more than $26 trillion of assets under custody and $485 billion in deposits, the Corporate & Investment Bank provides strategic advice, raises capital, manages risk and extends liquidity in markets around the world. Further information about J.P. Morgan is available at www.jpmorgan.com.