Indonesia Approves Creation of Second Sovereign Investment Fund

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The Danantara fund, which will be seeded with at least $61 billion, will be placed under the direct supervision of the president's office.

However, it also warned that the agency could be susceptible to political interference.“We see some risks upon the establishment of Danantara, including potential political influence on the utilization of the fund, the integration process, and influence of Danantara on the strategic direction of the SOEs,” it said.

In 2021, President Joko Widodo’s government created the Indonesia Investment Authority (INA), which currently manages some $10.5 billion in capital and state assets, including stakes in state-owned banks.

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Article Details

Author / Journalist: Sebastian Strangio

Category: Economy

Markets: United StatesBangladeshCambodiaChinaIndiaIndonesiaNorth KoreaMaliMyanmarNorwayPanamaPeruSingaporeThailandUkraineVietnam

Topics: State-owned Capital Assets Indonesia Investments Soes Investment Danantara Fund Billion State

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2025-02-05 @ 12:27:00 (9 hours ago)

News Timezone: GMT +8:00

News Source URL: thediplomat.com

Language: English

Article Length: 2097 words

Reading Time: 12 minutes read

Sentences: 77 lines

Sentence Length: 28 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © The Diplomat

News ID: 25906619

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