The Indonesia Investment Authority (INA) is the

sovereign wealth fund A sovereign wealth fund (SWF), sovereign investment fund, or social wealth fund is a state-owned investment fund that invests in real and financial assets such as stocks, bonds, real estate, precious metals, or in alternative investments such as ...

Indonesia Indonesia, officially the Republic of Indonesia, is a country in Southeast Asia and Oceania between the Indian and Pacific oceans. It consists of over 17,000 islands, including Sumatra, Java, Sulawesi, and parts of Borneo and New Guine ...

. 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. 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 The , JBIC, is a Japanese public financial institution and export credit agency that was created on October 1, 1999, through the merger of the Japan Export-Import Bank (JEXIM) and the Overseas Economic Cooperation Fund (OECF). JBIC became the in ...

, 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

Governance

INA reports directly to the

President of Indonesia The President of the Republic of Indonesia ( id, Presiden Republik Indonesia) is both the head of state and the head of government of the Republic of Indonesia. The president leads the executive branch of the Indonesian government and i ...

. The supervisory board is headed by the

Finance Minister A finance minister is an executive or cabinet position in charge of one or more of government finances, economic policy and financial regulation. A finance minister's portfolio has a large variety of names around the world, such as "treasury", ...

, the State Owned Enterprises Minister is also a member of the board.

Board of directors

*CEO - Ridha Wirakusumah *Deputy CEO - Arief Budiman *Investment Director - Stefanus Ade Hadiwidjaja *Risk Director - Marita Alisjahbana *Finance Director - Eddy Purwanto

Supervisory Board

*Chairwoman and Supervisor - Finance Minister

Sri Mulyani Sri Mulyani Indrawati (born 26 August 1962) is an Indonesian economist who has been Minister of Finance of Indonesia since 2016; previously she served in the same post from 2005 to 2010. In June 2010 she was appointed as Managing Director of th ...

( ex officio) *Supervisor - State Owned Enterprises Minister

Erick Thohir Erick Thohir (born 30 May 1970) is an Indonesian businessman and politician who has served as Indonesia's Minister of State Owned Enterprises since 2019. He is the founder of Mahaka Group, a conglomeration that focuses on media, sports and enter ...

(ex-officio) *Supervisor - Darwin Cyril Noerhadi *Supervisor - Yozua Makes *Supervisor - Hariyanto Sahari

References

Sovereign wealth funds Financial services companies of Indonesia 2021 establishments in Indonesia Government agencies established in 2021 Government-owned companies of Indonesia {{Economy-stub