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JAKARTA (Reuters) - Indonesia’s new sovereign wealth fund will offer dedicated industry funds in a bid to drum up $15 billion investment and deepen access to global capital by Southeast Asia’s biggest economy, finance minister Sri Mulyani Indrawati told Reuters.
Indonesian Finance Minister Sri Mulyani wears protective masks during an interview with Reuters at the Presidential Palace in Jakarta, Indonesia, November 13, 2020. REUTERS/Willy Kurniawan
The structure, outlined in a briefing by top economic ministers last Friday, has been adopted to entice global investors with various appetites for risk, return and the length of investment.
“They will have the flexibility to invest in many portfolios,” Sri Mulyani told Reuters, citing electricity, toll road and health sectors as examples. She said the industry-based funds would operate under an over-arching “master fund”, in which investors could also inject money into.