Jokowi-Era Debt Burden Threatens Indonesia's New Sovereign Wealth Fund Ambitions

Financial strains inherited from former President Joko Widodo's massive infrastructure program are constraining the investment capacity of Danantara, Prabowo Subianto's newly established state-owned enterprise fund.

4 Sept, 00:00 — 4 Sept, 00:00

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bloombergHigh6h ago

Jokowi’s Legacy of Debt May Curb Danantara’s Investment Ambition

The financial strain facing some of Indonesia’s biggest state-owned construction firms, rooted in former President Joko Widodo’s infrastructure drive, risks forcing current leader Prabowo Subianto’s sovereign wealth fund Danantara to spend more to overhaul them, potentially limiting its ability to pursue new investments.

By Harry Suhartono and Dipika Lalwani

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Jokowi-Era Debt Burden Threatens Indonesia's New Sovereign Wealth Fund Ambitions

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Jokowi’s Legacy of Debt May Curb Danantara’s Investment Ambition

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