JakartaGlobe-Feb 16

Indonesia Investment Authority, or INA, recently unveiled their initial strategy to attract investors into funding the national development projects. For a better investment climate, the country’s sovereign wealth fund will first ensure good governance by working alongside the supervisory board and accounting firms. “Secondly, we will continue the tasks that are already in-progress and consult with the ministers to find out which asset that can be shared with the investors,” INA’s inaugural president director Ridha Wirakusumah told a press conference broadcasted virtually on Tuesday. “There are numerous infrastructure projects that we have earmarked. There is also a $9.5 billion [investment] in the pipeline, but we must first ensure these projects can bring good return for us and our co-investors.” Read more at: https://jakartaglobe.id/business/indonesias-sovereign-wealth-fund-unveils-initial-strategy-to-attract-investors