The material on this site is for financial institutions, professional investors and their professional advisers. It is for information only. Please read our Terms & Conditions, Privacy Policy and Cookies before using this site.

All material subject to strictly enforced copyright laws. © 2020 Euromoney, a part of the Euromoney Institutional Investor PLC.
ESG

JPMorgan’s fresh idea for development finance

The bank’s new Development Finance Institution could move the needle in helping developing economies meet the UN’s sustainable development goals. Euromoney talks to managing director Faheen Allibhoy and chair of the governing board Daniel Zelikow.

lightbulb-water-istock-idea-green-ESG-960.jpg

It was working as the International Finance Corporation’s representative in Senegal’s capital, Dakar that gave Faheen Allibhoy, head of JPMorgan’s newly established Development Finance Institution (DFI), a sense of the potential assistance that the private sector could offer in driving economic growth.

She saw that development dollars alone could not help Senegal exit the trap of mediocre growth and high poverty, nor help its government leverage the discovery of oil in 2014; its ticket to prosperity.


Take out a complimentary trial

Take out a 7 day trial to gain unlimited access to Euromoney.com and Asiamoney.com analysis and receive expertly-curated updates direct to your inbox.

 

Already a user?

Login now

 

We use cookies to provide a personalized site experience.
By continuing to use & browse the site you agree to our Privacy Policy.
I agree