Dimon Meets With Development Bank Leaders Seeking Private Money

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Dimon Meets With Development Bank Leaders Seeking Private Money
World BankBloombergUS International Development Finance Corp.
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(Bloomberg) -- JPMorgan Chase & Co. Chief Executive Officer Jamie Dimon met with executives from the World Bank Group and several other multilateral...

-- JPMorgan Chase & Co. Chief Executive Officer Jamie Dimon met with executives from the World Bank Group and several other multilateral development lenders as they seek to pull more private money into initiatives across emerging markets .US House Passes $95 Billion in Aid to Ukraine, Israel and Taiwan

That’s left them calling on the private sector to pour in more investments and on governments to pony up more capital, with both approaches so far yielding lackluster results. Dimon has positioned JPMorgan at the core of the financial world’s responses to some of the most pressing recent geopolitical issues. In January, he met with Ukrainian President Volodymyr Zelenskiy in Davos as the leader aimed to bolster support for the war against Russia and plans for his country’s reconstruction.

The World Bank on Sunday said in a statement that Hiroshi Matano, the head of its multilateral investment guarantee agency, and Makhtar Diop, the managing director of its International Finance Corp. arm, which lends to the private sector, attended the meeting. It said the meeting was an opportunity to engage on key trends in the global economy, as well as areas for collaboration between the development finance community and the private sector.

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