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Indonesia Wealth Fund May Miss Jokowi’s $200 Billion Target

  • Fund known as INA wants to invest prudently, build credibility
  • CEO keen on digital technology, health care and green projects
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WATCH: Indonesia Investment Authority CEO Ridha Wirakusumah discusses the fund’s recent toll-road deals and investment into sustainable development.Source: Bloomberg
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Indonesia’s wealth fund may not reach its $200 billion goal in the time frame set out by the country’s president, as it aims to ensure sufficient returns for the state before making investments, according to its chief executive officer.

“The timing will probably be a bit stretched,” Ridha Wirakusumah said in an interview with Bloomberg Television’s Haslinda Amin on Wednesday. “It also depends if we will be getting in more injections. But the fundamentals are set and the system is ready to go.”