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Indonesia launches Danantara, a $20 billion sovereign wealth fund, to invest in growth sectors.
Indonesia is launching a new sovereign wealth fund named Danantara with an initial $20 billion, sourced from government budget cuts and state-owned enterprise dividends.
The fund aims to invest in high-impact projects like renewable energy, advanced manufacturing, and food production, to help achieve an 8% growth target.
Danantara will oversee assets from state-owned enterprises and is the country's second sovereign wealth fund.
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Indonesia lanza Danantara, un fondo de riqueza soberana de 20.000 millones de dólares, para invertir en sectores de crecimiento.