The Indonesian Investment Authority (INA), the country’s sovereign wealth fund (SWF) and the US development bank International Development Finance Corporation (DFC) have signed a Memorandum of Understanding (MoU) to identify investment opportunities throughout the archipelago.
The MoU aims to promote economic development in Indonesia by unlocking a wide range of opportunities for sustainable development projects in the country that align with their respective investment mandates.
“The signing of today’s MoU is the first of what we anticipate will be many engagements between our two organizations to deliver our shared commitment to the people of Indonesia. From hard infrastructure to energy security to improved healthcare, DFC brings with its investments a commitment to high standards and community involvement,” said DFC CEO Scott Nathan.
During his visit to Indonesia last week, Nathan participated in several bilateral meetings focused on supporting Indonesia’s investment priorities with high-level government leaders, including the Coordinating Minister of Maritime and Investment Affairs Luhut Binsar Pandjaitan.
With an exposure of more than $35 billion, DFC partners with the private sector to invest across sectors including energy, healthcare, critical infrastructure, and technology to help spur economic growth and promote regional stability in developing countries around the world.
While speaking to DealStreetAsia last week, INA deputy CEO Arief Budiman said that, as of 2022-end, INA had secured investment commitments worth $27 billion, including $10 billion from the UAE and $3 billion from the Chinese Silk Road Fund (SRF). It is targeting investments worth $1 billion this year, mainly across the energy, infrastructure, digital, and healthcare space.
Source: Deal Street Asia