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View all search resultsThe United States-based International Development Finance Corporation (DFC) explored opportunities to invest in Indonesia's sovereign wealth fund in a meeting with Coordinating Maritime Affairs and Investment Minister Luhut Pandjaitan on Friday.
The US’ International Development Finance Corporation (IDFC), said to be a direct competition to China’s growing influence in projects across developing countries through the Belt and Road Initiative (BRI), arrived in Jakarta on Friday to cements its participation in Indonesia’s development projects.
The government has set its sights on diversifying its funding sources for big ticket infrastructure projects to the United States after earlier this year proposing $91.1 billion infrastructure projects to be funded by China.
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