This week in asset owner history: Indonesia SWF governance sparks concerns
The Indonesia Investment Authority was established in 2021 to attract foreign capital to aid the country’s development. When the fund launched, its proposed system of governance raised concerns among financial experts.
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In January 2021, industry experts warned that the proposed governance of Indonesia’s soon to launch sovereign wealth fund—Indonesia Investment Authority (INA)—could hinder the fund’s ability to attract international assets.
In October 2020, Indonesia’s parliament approved a law to establish a new SWF to attract foreign infrastructure investments in Southeast Asia’s largest economy.
INA, which launched in February 2021, is part of a new breed of catalytic funds, established with…
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