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flag Indonesia launches Danantara, a $20 billion sovereign wealth fund, to invest in growth sectors.

flag 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. flag The fund aims to invest in high-impact projects like renewable energy, advanced manufacturing, and food production, to help achieve an 8% growth target. flag Danantara will oversee assets from state-owned enterprises and is the country's second sovereign wealth fund.

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