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View all search resultsPresident Joko “Jokowi” Widodo has introduced the board of directors tasked with managing Indonesia’s recently created multibillion-sovereign wealth fund to lure global investors to Southeast Asia’s largest economy.
The supervisory board is led by Finance Minister Sri Mulyani Indrawati, with members including State-Owned Enterprises (SOEs) Minister Erick Thohir as well as three professionals overseeing the fund’s operations.
The newly passed Job Creation Law stipulates the establishment of an Indonesian SWF to be called the Indonesia Investment Authority (LPI) with an initial capital of Rp 15 trillion (US$1 billion) derived from the state budget.
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