The new sovereign fund is Indonesian President Prabowo Subianto's key vehicle to achieve his 8% growth target by 2029 by managing all shares of state-owned enterprises and reinvesting the dividends in commercial projects.

Indonesian President Prabowo Subianto has inaugurated the Danantara Investment Management Agency (Danantara) - an agency responsible for handle government investment assets outside the state budget (APBN).

CEO of the US International Development Finance Corporation (IDFC) Adam Boehler has signed a letter of interest to invest 2 billion USD in the Indonesia Investment Authority (IIA) or Sovereign Wealth Fund (SWF) in Washington D.C.