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Danantara: Indonesia's New Sovereign Wealth Fund

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  Danantara, Indonesia's new sovereign wealth fund, aims to restructure SOEs, attract global investment, and expand assets to US$982B by 2029.

The article from ASEAN Briefing discusses the establishment of Danantara, Indonesia's new sovereign wealth fund, aimed at attracting foreign investment and supporting national development projects. Launched in 2021, Danantara is designed to manage and invest government funds in a way that promotes economic growth, infrastructure development, and strategic investments both domestically and internationally. The fund focuses on sectors like infrastructure, energy, natural resources, and technology, with the goal of not only boosting Indonesia's economy but also enhancing its global investment profile. It operates under a governance framework that ensures transparency and accountability, aligning with international best practices for sovereign wealth funds. The initiative reflects Indonesia's broader economic strategy to diversify its investment portfolio and reduce reliance on natural resources, thereby fostering sustainable economic development.

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[ https://www.aseanbriefing.com/news/danantara-indonesias-new-sovereign-wealth-fund/ ]