Senior minister, Luhut B. Pandjaitan, announced the investment commitment from the Japan Bank for International Cooperation (JBIC) of US$4 billion for the establishment of Indonesia’ Sovereign Wealth Fund (SWF). Last month, US’ IDFC CEO Adam Boehler and Panjaitan, has signed a letter of interest to invest $2 billion to the Indonesia SWF in Washington DC.
While, Japan’ Softbank Corp., founder, Masayoshi Son, also has expressed his commitment to invest another $2 billion in the country. Earlier, Panjaitan stated, the funds gathered in SWF will utilized for infrastructure projects, including for Indonesia’ new planned capital. He said, UAE participation at the Fund around $6.8 billion.