Prabowo’s Investment Fund off the Ground

Indonesian President Prabowo Subianto’s new sovereign investment fund, Danantara, aims to oversee a $20 billion fund for strategic projects, but faces skepticism due to recent scandals, including corruption within state energy company Pertamina and the collapse of major firms like Sritex and eFishery. Despite concerns about governance and oversight, Prabowo is pushing forward with plans to consolidate state-owned enterprises and invest in key areas like renewable energy. Anti-corruption activists fear potential misuse of funds and weakening of law enforcement agencies, but Prabowo assures transparency and accountability in Danantara’s management.

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