Jokowi introduces directors of Indonesian Investment Authority 16th February 2021
President Joko Widodo. (Rangga Pandu Asmara Jingga) Jakarta (ANTARA) - President Joko Widodo (Jokowi), at the Merdeka Palace, here Tuesday, introduced members of the board of directors of the Indonesia Investment Authority (INA) tasked with collecting alternative financing and endowments for infrastructure development.
In the INA board of directors, Ridha Wirakusumah, the former president director of PT Bank Permata Tbk, was appointed as president director or CEO of INA. I introduce Ridha as the CEO of INA. He is very experienced, a senior executive in banking and financial services, investment, and most recently the CEO at Bank Permata, President Jokowi remarked.
Ridha D.M. Wirakusumah.
JAKARTA (Reuters): Indonesian President Joko Widodo on Tuesday (Feb 16) announced the appointment of a senior banker, Ridha D.M. Wirakusumah, as the chief executive of the country s new sovereign wealth fund, which has a target of managing US$20 billion in funds.
Jokowi, as the president is popularly known, also named other professionals for posts on the board of directors of the fund, the Indonesia Investment Authority (INA).
The INA aims to attract foreign funds as co-investors, unlike some funds set up by other countries to manage oil revenues or foreign exchange reserves.
There has been scrutiny over the governance of INA particularly in the wake of a corruption scandal and massive losses involving neighbouring Malaysia s 1MDB fund.
Indonesian President Joko Widodo yesterday named senior banker Ridha Wirakusumah as chief executive of the country's new sovereign wealth fund aimed at drawing foreign funds to finance local projects, particularly in infrastructure.. Read more at straitstimes.com.