Jakarta, Feb 24, 2025 (AFP) - Indonesia launches new multi-billion-dollar sovereign wealth fund

NAMPA / AFP

2025-02-24

Indonesia on Monday launched a new sovereign wealth fund that will aim to manage state assets worth more than $900 billion as President Prabowo Subianto looks to turbo-charge growth in Southeast Asia's biggest economy. The recently inaugurated leader has pledged to take the archipelago's annual growth from five to eight percent, ordering billions of dollars worth of cuts across government that last week sparked the first protests of his rule. Pra......

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