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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.

arsip tempo : 173152521315.

Members of the Board of Directors of the Indonesia Investment Authority after being introduced by President Joko Widodo, Tuesday, February 16, 2021. BPMI Setpres/Muchlis Jr.. tempo : 173152521315.

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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