Indonesia's New Sovereign Wealth Fund will Focus on Country's Roads, Airports and Ports

Jan. 7—JAKARTA — Indonesia's newly formed sovereign wealth fund (SWF) will initially focus on infrastructure in the country and President Joko Widodo on Wednesday ( Jan 6) said it would make up for the limited financing capacity at home.

He described the Indonesia Investment Authority (IIA) as a breakthrough for the funding needed to build and develop infrastructure at home, pointing out that public debt was mounting, while state-owned companies had a limit in their capacity to borrow funds.

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