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In this insightful video, Ketan Patel, Chairman of Force for Good, engages with Faheen Allibhoy, Managing Director and Head of the JP Morgan Development Finance Institution (DFI). The discussion, held during the World Investment Forum, explores the creation of the first private sector DFI and the critical role of innovation in driving development finance forward.
Highlights: Faheen and Patel touch on the vision and mission of the JP Morgan DFI: We are less than 10 years away from two very important global agendas that the world is coalescing around. One is the Paris Climate Accord. The second is the sustainable development goals. Many firms, including JP Morgan, are aligning around these goals and aiming to contribute to meeting the gaps, which private capital can play an amazing role in solving. JP Morgan has set out a sustainable finance and climate target of US$2.5 trillion over the next 10 years, and the DFI is part of that vision.
Key Takeaways:
JP Morgan DFI’s Vision and Mission
As the world approaches key milestones like the Paris Climate Accord and the UN Sustainable Development Goals (SDGs), private capital is poised to address major funding gaps. JP Morgan, aligning with these global priorities, has set an ambitious $2.5 trillion sustainable finance and climate target over the next decade. The DFI is a cornerstone of JP Morgan’s vision, enabling private capital to play a transformative role in global development.
The Growing Importance of Emerging Markets
Emerging markets already represent a significant share of the global economy, yet millions still lack access to essential infrastructure, healthcare, and education. The COVID-19 pandemic highlighted the interconnectedness of global supply chains and economies, underscoring the importance of uplifting these regions. JP Morgan DFI focuses on improving lives in 144 World Bank-eligible countries, aiming for impactful, development-focused transactions.
JP Morgan DFI’s Role in Advancing SDGs
JP Morgan DFI bridges the financial gap in emerging markets by integrating impact and development finance into the private sector. According to Allibhoy, the institution “plays a role in that continuum of finance in the emerging markets, helping bridge the gap of the SDG by bringing the practice of impact and development to the sell-side of the financial landscape.”
The Guest: About Faheen Allibhoy
Faheen Allibhoy is the Managing Director and Head of the JP Morgan Development Finance Institution (DFI). She leads the institution’s efforts to drive sustainable economic growth and development in emerging markets, focusing on aligning private sector capital with global agendas such as the Sustainable Development Goals (SDGs).
With extensive experience in development finance and a commitment to creating impactful solutions, Allibhoy plays a pivotal role in bridging funding gaps and fostering innovation to improve infrastructure, healthcare, and education in underserved regions worldwide.
Show Host: About Ketan Patel
Ketan Patel is the Chairman of Force for Good, a global initiative focused on leveraging capital, innovation, and leadership to address critical global challenges. A visionary leader in sustainable development and finance, he engages with policymakers, executives, and thought leaders to drive impactful solutions aligned with the Sustainable Development Goals (SDGs).
In addition to his leadership role, Patel is a prominent corporate strategist and voice in reshaping global economies and fostering collaboration across sectors to create a more equitable and sustainable future.