DFC to invest $2bn in Indonesian sovereign wealth fund

Region:

Americas, Asia-Pacific

The US International Development Finance Corporation (DFC) is to invest $2 billion in Indonesia's new sovereign wealth fund.

The DFC will also engage with its partners in Japan, United Arab Emirates and Singapore to persuade them to invest in the soon-to-be-launched fund, officially named Indonesia Investment Authority. A letter of intent regarding the financing was signed by DFC chief executive Adam Boehler in Washington during a visit by Indonesian delegates.

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