JAKARTA– Indonesia’s soon-to-be introduced sovereign wealth fund is targeting $20 billion in investment in the next couple of months, President Joko Widodo said.

” Possibly in the next 2 months, the target that enters our sovereign wealth fund is … about $20 billion,” he stated at an annual meeting with financial gamers hosted by the country’s monetary services authority (OJK).

The federal government is wanting to use the fund to buy facilities tasks along with the planned moving of the country’s capital. (Reporting by Maikel Jefriando and Tabita Diela; Writing by Stanley Widianto; Editing by Catherine Evans)


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