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Indonesia launches $20B sovereign wealth fund, Danantara, aiming to boost economic growth.
Indonesian President Prabowo Subianto has launched Danantara, a new sovereign wealth fund aimed at managing state assets worth over $900 billion.
With an initial budget of $20 billion, the fund will invest in projects across sectors including renewable energy and food production.
Modeled after Singapore's Temasek, Danantara will manage government holdings in state companies and report directly to the president.
The fund aims to boost Indonesia's annual growth from 5% to 8%, though critics express concerns about potential mismanagement.
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Indonesia pone en marcha un fondo soberano de riqueza de $20B, Danantara, con el objetivo de impulsar el crecimiento económico.