Indonesia's new sovereign wealth fund will focus on country's roads, airports and ports

Indonesia Investment Authority was described as a breakthrough for the funding needed to build and develop infrastructure.
Indonesia Investment Authority was described as a breakthrough for the funding needed to build and develop infrastructure.PHOTO: EPA-EFE

JAKARTA - Indonesia's newly formed sovereign wealth fund (SWF) will initially focus on infrastructure in the country and President Joko Widodo on Wednesday (Jan 6) said it would make up for the limited financing capacity at home.

He described the Indonesia Investment Authority (IIA) as a breakthrough for the funding needed to build and develop infrastructure at home, pointing out that public debt was mounting, while state-owned companies had a limit in their capacity to borrow funds.

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