US to invest $2bn in Indonesia sovereign wealth fund

DFC's pledge shows Washington's commitment to combating Beijing's influence

Joko Pompeo

Indonesian President Joko Widodo, right, talks with U.S. Secretary of State Mike Pompeo at the Bogor Presidential Palace in West Java, Indonesia on Oct. 29. © AP

SHOTARO TANI, Nikkei staff writer

JAKARTA -- Indonesia said Monday its planned multibillion dollar sovereign wealth fund will receive a $2 billion investment from the U.S.'s new development bank.

Adam Boehler, the head of United States International Development Finance Corporation (DFC) signed a letter of interest last week during a visit to Washington by Luhut Pandjaitan, Indonesia's coordinating minister of maritime affairs and investment, the ministry said in statement.

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