Indonesia launches Danantara sovereign wealth fund: 5 things to know

Has initial $900bn portfolio, will focus on sectors like critical minerals and AI

20250224 Danantara office

Indonesia's new sovereign wealth fund, known as Danantara, launched on Feb. 24. (Photo by Rezha Hadyan)

NANA SHIBATA

JAKARTA-- Indonesia on Monday launched a much-anticipated sovereign wealth fund that government officials say is key to hitting President Prabowo Subianto's 8% target for economic growth.

How will the fund -- known as Daya Anagata Nusantara, or Danantara -- help achieve the government's goals? Will it overlap with a fund managed by the Indonesia Investment Authority (INA), which was launched by former President Joko "Jokowi" Widodo?

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