The Indonesia Investment Authority ( INA ; Indonesian : Lembaga Pengelola Investasi , lit. ' Investment Management Agency ' , LPI ) is the sovereign wealth fund of Indonesia . The INA was founded by the Indonesian Government in 2021 to strengthen the country's economy by diversifying into new asset classes. INA was launched in February, 2021, with a target of managing $ 24.5 billion of assets. Unlike sovereign wealth funds of other countries which manage excess oil revenues or foreign exchange reserves, the INA seeks foreign funds as co-investors to finance the country's economic development.
2-703: INA had received commitments of up to $ 10 billion prior to its launch from global companies and agencies such as the U.S. International Development Finance Corporation and the Japan Bank for International Cooperation , as well as a few foreign pension funds. The Indonesian government will support the fund with $ 5 billion in cash and other assets. The United Arab Emirates has announced a plan to invest $ 10 billion in INA According to Ministry of Foreign Affairs of Indonesia , INA has reached agreement with DP World from United Arab Emirates to develop and improving
4-701: The infrastructures of Port of Belawan , Medan . This cooperation also involved Prima Terminal Petikemas Ltd, a subsidiary of Pelindo . In 2021, INA has reportedly become a Full Member of the International Forum of Sovereign Wealth Funds non profit organization. INA reports directly to the President of Indonesia . The supervisory board is headed by the Finance Minister , the State Owned Enterprises Minister
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