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View all search resultsThe 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.
President Joko “Jokowi” Widodo has sought to defend the passing of the highly controversial Job Creation Law, arguing the law is necessary to make Indonesia more economically competitive amid the COVID-19 pandemic.
The 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.
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