Jokowi doubles Indonesia’s wealth fund goal to US$200 billion

Joko Widodo, Indonesia's president, gestures as he speaks during an interview at Presidential Palace in Jakarta, Indonesia, on Wednesday, April 7, 2021. He has set a US$200 billion goal for Indonesia’s new wealth fund in the next two to three years, aiming to fund his push for the resource-driven economy to rise up the value chain. - Bloomberg

JAKARTA, April 10 (Bloomberg): President Joko Widodo has set a US$200 billion goal for Indonesia’s new wealth fund in the next two to three years, aiming to fund his push for the resource-driven economy to rise up the value chain.

That’s double the US$100 billion target set earlier this year, and a long way from the fund’s US$15 billion start.