Business
Japan Pledges $4b to Indonesia’s Sovereign Wealth Fund – Jakarta Globe
It marks the fund’s speedy development that may hold the key for the Southeast Asian country’s infrastructure ambitions.
Jakarta. Japan has pledged a commitment to invest $4 billion in Indonesia’s inaugural sovereign wealth fund, marking a speedy development that may hold the key for the Southeast Asian country’s infrastructure ambitions.
Japan was the second country to pledge a concrete amount to the fund after the US International Development Finance Corporation (DFC), the United States’s financing arm, did so last month.
“JBIC is ready to support SWF Indonesia’s funding of $4 billion, twice as much as what was…
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