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Indonesia president says sovereign wealth fund to collect $20 billion within next two months

Published 01/15/2021, 08:27 AM
Updated 01/15/2021, 08:30 AM
© Reuters

JAKARTA (Reuters) - Indonesia's soon-to-be launched sovereign wealth fund is targeting $20 billion in investment in the next few months, President Joko Widodo said.

"Maybe in the next two months, the target that comes into our sovereign wealth fund is ... about $20 billion," he said at an annual meeting with financial players hosted by the country's financial services authority (OJK).

The government is hoping to use the fund to invest in infrastructure projects as well as the planned relocation of the country's capital.

 

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