United States IDFC to invest $2b in Indonesia’s sovereign wealth fund

The United States International Development Financing Corporation (IDFC) signed on Nov. 19 a letter of interest to invest US$ 2 billion in Indonesia’s sovereign wealth fund called the Indonesia Investment Authority. IDFC chief executive officer Adam Boehler signed the letter experienced by Coordinating Maritime Affairs and Investment Minister Luhut Binsar Panjaitan throughout the latter ' s see to the US in a quote to strengthen economic ties between the 2 nations, according to the ministry’s statement. “As a part of its economic reform, the Indonesian federal government continues to develop alternatives for financing and personal financial investment in the nationwide tactical jobs and other concerns,” the declaration reads. “This collaboration will reinforce economic relations between the United States and Indonesia.” The government anticipates the IDFC’s investme …

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  • united-states IDFC Japan sovereign-wealth-fund Indonesia-Investment-Authority United-Arab-Emirates Omnibus-Law-on-Job-Creation Luhut-Binsar-Pandjaitan Sri-Mulyani-Indrawati financial investment

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