Indonesia's new sovereign wealth fund Danantara to have over $900b in assets

Indonesia's new sovereign wealth fund Danantara to have over $900b in assets

Indonesian President Prabowo Subianto reads out vows, taken by newly appointed ministers during an inauguration at the Presidential palace in Jakarta, October 21, 2024. REUTERS/Willy Kurniawan/File Photo

Indonesia‘s President Prabowo Subianto will launch a new sovereign wealth fund called “Danantara” on February 24 with assets under management exceeding $900 billion, according to a video statement shared by the government late on Thursday.

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