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Indonesia's president unveils $20B fund and gold bank to boost economy, aiming for 8% growth by 2029.
Indonesian President Prabowo Subianto has launched economic initiatives to attract investments and boost the economy, including a $20 billion sovereign wealth fund, Danantara, investing in strategic sectors like minerals, AI, and renewable energy.
A new gold bank service aims to increase GDP by about $15 billion and create 1.8 million jobs.
Exporters must now deposit 100% of foreign exchange earnings for at least 12 months, enhancing reserves and strengthening the rupiah.
These measures aim to achieve 8% economic growth by 2029.
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El presidente de Indonesia revela fondos de $20B y banco de oro para impulsar la economía, con el objetivo de un crecimiento del 8% para 2029.