Skip to content
Subscriber Only

Jokowi Doubles Indonesia’s Wealth Fund Goal to $200 Billion

  • Larger pool could help push economy higher up the value chain
  • President touts Indonesia’s potential as a green economy
Video player cover image
WATCH: Indonesian President Joko Widodo talks about the central bank, vaccine nationalism, and the country’s sovereigh wealth fund.(Source: Bloomberg)

President Joko Widodo has set a $200 billion goal for Indonesia’s new wealth fund in the next two to three years, aiming to fund his push for the resource-driven economy to rise up the value chain.

That’s double the $100 billion target set earlier this year, and a long way from the fund’s $15 billion start. The fund has been in talks with 50 fund managers and has received pledges from those in the United Arab Emirates, Japan, the U.S. and Canada, which will help it grow to $20 billion in six months, the president said Wednesday.