Prabowo Plans Sweeping Investments by Indonesian Wealth Fund
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Indonesian President Prabowo Subianto said an ambitious new sovereign wealth fund will start operations this month, with a sweeping mandate to invest across a range of industries as he steps up efforts to boost annual growth to his goal of 8%.
“The fund, which will be launched on Feb. 24, will invest our natural resources and state assets into sustainable, high impact projects across sectors,” Prabowo told the World Governments Summit on Thursday. “All these projects will contribute to achieving our committed target of 8% economic growth.”