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.
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