Indonesia Fund Says Inflation, Rates to Weigh on Investments
- Wealth fund known as INA has about $20 billion pledged so far
- INA seeks to risk-adjust pricing of new, existing investments
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Indonesia’s wealth fund will ensure that new and existing investments are priced in line with rising global risks, including soaring inflation that’s pushing interest rates higher, its chief executive officer said.
“We will be quite cautious about the pricing that we pay and the structure we put together in the negotiations we’re having,” Ridha Wirakusumah, CEO at the Indonesia Investment Authority, said in a Bloomberg Television interview with Haslinda Amin. He spoke on the sidelines of the Group of 20 finance ministers and central bank governors meeting in Bali.