State-owned units headed for new Indonesian SWF
Entity set to start ops in Q2 with initial injection of US$5b in assets; goal of US$40b in investments by end of year
Jakarta
INDONESIA is preparing a host of state-owned enterprises (SOEs) that are primarily involved in infrastructure development, whose assets will be injected in the soon-to-be-launched Indonesia Investment Authority (IIA).
Masyita Crystallin, a special adviser at the Ministry of Finance's Fiscal Policy Institute, said the IIA is scheduled to start operations in the second quarter of this year with an initial injection of US$5 billion in assets.
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