February 8, 2021, 04.47 PM
Coordinating Minister for Economic Affairs Airlangga Hartarto. DOK. Humas Partai GolkarCoordinating Minister for Economic Affairs Airlangga Hartarto.

JAKARTA, KOMPAS.com – Various international investors have expressed interest to invest their funds in Indonesia Investment Authority (INA) by sending a letter of intent (LoI), a senior minister said on Monday.

“The accumulated amount from the LoI reached $9.5 billion,” said Coordinating Economic Affairs Minister Airlangga Hartarto during an event titled Indonesian Economic Outlook 2021 on February 8.

Airlangga said the institutions are the United States International Development Finance Corporation (DFC), Japan Bank for International Cooperation (JBIC), Caisse de dépôt et placement du Québec (CDPQ) Canada, and the Dutch asset management company APG-Netherlands.

Also readIndonesia Seeks Japan Investment in Sovereign Wealth Fund

The interest of the aforementioned financial institutions is in line with the national investment climate that began to improve following Law No. 11/2020 on Job Creation.

Currently, Airlangga said, the government is finalizing the laws’ derivative regulations comprising 49 drafts of government regulations and five presidential regulations.

“All the regulations will become a guideline for the implementation of the Job Creation Law for all stakeholders,” he added.

Besides, the process of accelerating economic recovery has influenced the investors to place their funds in INA. It includes various activities from the implementation of Covid-19 jab drive to providing business incentives n a bid to grow the economy.

Also readJokowi Signs Government Regulation on Indonesian Sovereign Wealth Fund

“In line with the world economic recovery, the economy in Indonesia is expected to recover in 2021, reaching 4.5 to 5.5 percent,” the senior minister said.

It was reported that the newly-established INA aims to manage the investment, which is expected to obtain about $15 billion, up from the institution's initial funds of $5 billion prepared by the government.

Source: https://money.kompas.com/read/2021/02/08/150700926/menko-airlangga--ada-dana-sebesar-rp-133-triliun-yang-siap-mengalir-ke-lpi


Comment wisely and responsibly. Comments are entirely the responsibility of the commentator as regulated in the ITE Law
Thank You! We have received your report. We will remove comments that conflict with the Community Guidelines and the ITE Law.

More Headlines

Travel & Leisure
September 21, 2021, 11.11 AM

Bali Remains Closed for Foreign Tourists: Indonesia’s Minister

September 20, 2021, 11.22 PM

Java, Bali Remain in Partial Lockdown until Oct. 4

Travel & Leisure
September 20, 2021, 06.28 PM

Indonesia Announces New Covid-19 Entry Rules for Foreign Travelers

Close Ads X