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Indonesia's Danantara Fund Aims for 8% Growth by 2029

3/24/2025

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Summary

Danantara Fuels Growth

Indonesia's newly established sovereign wealth fund, Danantara, is set to drive the nation towards an ambitious 8% economic growth by 2029. With a powerhouse team that includes former presidents Joko Widodo and Susilo Bambang Yudhoyono, alongside advisors like Ray Dalio and Thaksin Shinawatra, Danantara will oversee more than $900 billion in assets, targeting state-owned enterprises and strategic investments.

Summary

Prabowo's Policies Worry

Indonesian stocks plummeted more than 4%, driven by investor anxiety over the nation's economic stability and fiscal health. The recent transfer of state-owned enterprises to the new sovereign wealth fund, Danantara, has sparked fears about funding requirements. Analysts caution that President Prabowo's populist policies could exacerbate financial strains, jeopardizing economic growth.

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Danantara Fuels Growth

Indonesia's newly established sovereign wealth fund, Danantara, is set to drive the nation towards an ambitious 8% economic growth by 2029. With a powerhouse team that includes former presidents Joko Widodo and Susilo Bambang Yudhoyono, alongside advisors like Ray Dalio and Thaksin Shinawatra, Danantara will oversee more than $900 billion in assets, targeting state-owned enterprises and strategic investments.

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