Indonesia Investment Authority in Search of Sovereign Wealth
Monday, November 11, 2024
The Indonesia Investment Authority is set to merge with Danantara, but it still fails to optimize investments and faces ongoing issues with foreign investor confidence.
AFTER four years of operation, the Indonesia Investment Authority (INA) is still working to attract investment into the country. Ridha Wirakusumah, Chair of INA’s Board of Directors, stated that until last year, the manager of government’s sovereign wealth fund (SWF) had secured a cumulative investment commitment of US$25 billion (around Rp400 trillion). “INA has become the only SWF that facilitates various policy initiatives an
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