KONTAN.CO.ID - JAKARTA. Indonesia's government said on Friday the Japan Bank for International Cooperation had committed to invest $4 billion in the Southeast Asian country's soon-to-be-launched sovereign wealth fund. The commitment was conveyed by JBIC Governor Tadashi Maeda in a meeting with an Indonesian delegation led by Coordinating Minister of Maritime Affairs and Investment Luhut Pandjaitan, according to a statement from the Indonesian embassy in Tokyo. Indonesian authorities have gone on overseas trips to promote the fund even before its launch, holding meetings with government financing arms and private equity firms like BlackRock and Carlyle Group.
Indonesia says JBIC commits to invest $4 bln in new sovereign wealth fund
KONTAN.CO.ID - JAKARTA. Indonesia's government said on Friday the Japan Bank for International Cooperation had committed to invest $4 billion in the Southeast Asian country's soon-to-be-launched sovereign wealth fund. The commitment was conveyed by JBIC Governor Tadashi Maeda in a meeting with an Indonesian delegation led by Coordinating Minister of Maritime Affairs and Investment Luhut Pandjaitan, according to a statement from the Indonesian embassy in Tokyo. Indonesian authorities have gone on overseas trips to promote the fund even before its launch, holding meetings with government financing arms and private equity firms like BlackRock and Carlyle Group.