Indonesia bets a new sovereign wealth fund will finally unlock its potential

Indonesia bets a new sovereign wealth fund will finally unlock its potential

Indonesian President Prabowo Subianto came to power last year off the back of a campaign with several grand promises. Chief among them: 8% annual economic growth by the end of his term in 2029. His brainchild to get there is the country’s latest sovereign wealth fund, Danantara, short for Daya Anagata Nusantara, which means “the power of the future for Indonesia.” It’s tasked with boosting the economy, especially through domestic investments. Th…