Mamay Sukaesih (The Jakarta Post)
Wed, Mar 3, 2021
Indonesia has created a sovereign wealth fund (SWF) known as the Indonesia Investment Authority (INA). The creation of the INA was motivated by the need for significant investment in development, especially in infrastructure, while domestic sources of funding are limited. INA is based on law n ° 11/2020 on job creation and on government regulations n ° 73/2020 and n ° 74/2020.
INA is used to manage investments and optimize the value of managed investments over the long term. The types of investments that INA can make include placing funds in financial instruments, managing assets, cooperating with other parties, including trust funds, as well as granting and receiving funds. ready.
In general, the INA aims to attract medium and long-term investments of national and foreign origin. The INA obtains an initial capital of 5 billion dollars from the government and aims to attract between …
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