Indonesia established its first sovereign wealth fund, the Indonesia Investment Authority (INA), in 2021. Unlike other funds, the INA aims to attract foreign co-investors to finance infrastructure and emerging industries, instead of relying on commodity revenues. The government hopes the INA will stimulate growth in the country’s economy.
Indonesia’s First Sovereign Wealth Fund: The Indonesia Investment Authority (INA)
Indonesia introduced the Indonesia Investment Authority (INA) in 2021 as its inaugural sovereign wealth fund with a unique approach. Unlike other sovereign wealth funds, which rely on commodity revenues, the INA actively seeks foreign co-investors to capitalize on the fund.
Attracting Foreign Investments for Development
The Indonesian government aims to attract investments in various sectors through the INA, including infrastructure, digital economy, logistics, financial services, tourism, and supply chains. With the participation of foreign investors, this sovereign wealth fund intends to address the country’s pressing infrastructure needs.
Promoting Growth with the INA
By creating the Indonesia Investment Authority (INA), the government aims to finance essential investments in infrastructure and emerging industries. Through this bold experiment, they aspire to stimulate growth in Southeast Asia’s largest economy, fostering development and progress.
Source : Can Indonesia’s Sovereign Wealth Fund Attract Foreign Investors?
