| Description |
1 online resource (48 pages) : color illustrations, color portrait |
| Series |
Lowy Institute analysis |
|
Lowy Institute analysis
|
| Contents |
Executive summary. -- Introduction. -- The big picture: expansion of state capitalism in Indonesia. -- What is Indonesia's investment authority for? -- Sovereign development fund. -- Initial assignment: enabling state enterprises; deleveraging. -- Searching for investment partners. -- How is Indonesia Investment Authority governed? -- Conclusion. -- Notes |
| Summary |
The Indonesian government has established a sovereign wealth fund: the Indonesia Investment Authority (INA). Unlike many other sovereign wealth funds that manage large national savings, INA seeks to attract foreign co-investors to help fund economic development. INA's near-term role is to purchase assets from heavily-indebted infrastructure-related state enterprises to improve their financial health and allow them to carry out further development projects. INA's corporate governance arrangements are reasonable on paper. Much will depend on implementation. INA has attracted interest from a variety of international financiers, including state-backed investors from the United States, Japan, United Arab Emirates, and China. Clarifying INA's investment goals and strengthening external monitoring mechanisms could help attract greater interest |
| Notes |
"July 2022"--Cover |
| Bibliography |
Includes bibliographical references (pages 39-48) |
| Notes |
Online resource; title from PDF cover page (Lowy, viewed July 26, 2022) |
| Subject |
Sovereign wealth funds -- Indonesia
|
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Investments, Foreign -- Indonesia
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Economic development -- Indonesia -- Finance
|
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Debts, Public -- Indonesia
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Debts, Public
|
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Economic development -- Finance
|
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Investments, Foreign
|
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Sovereign wealth funds
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Indonesia
|
| Form |
Electronic book
|
| Author |
Lowy Institute for International Policy, publisher.
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