JP Morgan announces new division to fund at least $100 billion in emerging market projects

  • 📰 CNBC
  • ⏱ Reading Time:
  • 44 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 21%
  • Publisher: 72%

Canada News News

Canada Canada Latest News,Canada Canada Headlines

There is a $2.5 trillion shortfall in investment to achieve the goals set by the United Nations to address climate change, health, education and food security in the developing world by 2030.

J.P. Morgan Chase announced the creation of a new business called the Development Finance Institution to boost private investment in emerging-market development projects.

J.P. Morgan hopes to turn development finance into a traded asset class, originating assets for distribution to investors.announced the creation of a new business called the Development Finance Institution to boost private investment in emerging-market development projects. Her career choices have been "mission-driven, but I think as a business case, the emerging markets are where the action is," Allibhoy said in a telephone interview. Places like Indonesia, Turkey, Mexico and Egypt are "countries that are building infrastructure and that are in need of capital, and they're sizable economies."

According to J.P. Morgan, there is a $2.5 trillion annual shortfall in investment to achieve the goals set by the United Nations to address climate change, health, education and food security in the developing world by 2030.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

Better to invest abroad than USA. A Trump whim could blow away every investor’s (except shorts’) pot of gold at any second for whatever nuttiness strikes our “stable genius’s” ego the wrong way. GEESH... abroad is not even safe with him and his incompetent crew at the helm.

While China invest in their country, our JPM invest outside the USA. Isn’t it wonderful how JPM invest a $100 billion in other countries instead of the USA. Our infrastructure is crumbling but not to worry. Who needs a functioning Country.

Curious to see if any new structured products come about as a result of this

crap.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 12. in CA

Canada Canada Latest News, Canada Canada Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

The Investor Clash Behind Tesla’s Surge Toward $100 Billion in Market ValueThe rise in Tesla’s stock has turbocharged a long-running war over the proper value of the shares. This has split investors large and small into warring camps—both sides digging in with fervor. Ya think? Screw Musk. He's evil. They just doubled their production of the model 3 now that China is open 🤗
Source: WSJ - 🏆 98. / 63 Read more »

CIT Bank's high-yield savings account is perfect for building momentum - Business InsiderCIT Bank's high-yield savings account, Savings Builder, rewards you with its top APY of 1.80% for auto-deposits of at least $100 a month.
Source: BusinessInsider - 🏆 729. / 51 Read more »