JAKARTA: Indonesia’s soon-to-be launched sovereign wealth fund (SWF) is targeting US$20bil in investment in the next few months, President Joko Widodo said, a larger sum than previously announced after positive responses from several firms.
South-East Asia’s largest economy hopes to launch the sovereign wealth fund early this year to attract funds to help it get out of its pandemic-induced recession as well as finance an ambitious infrastructure drive and a massive capital relocation project.
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