Transparency and governance key to Indonesia’s new sovereign fund sidestepping 1MDB pitfalls
With an asset target of up to US$982 billion, Danantara could soon rank as the fourth-largest sovereign wealth fund in the world
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[JAKARTA] Indonesia will soon launch Danantara, a national investment agency to overhaul multi-billion-dollar state-owned assets, as a cornerstone of its new president’s economic strategy.
Experts, however, warn that its success will depend on strict transparency and insulation from political influence – a crucial takeaway from Malaysia’s 1MDB scandal.
Some observers have raised concerns about potential overlaps with the country’s sovereign wealth fund, the Indonesia Investment Authority (INA).
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