DPR to Discuss Candidates Overseeing Sovereign Wealth Fund

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Petir Garda Bhwana

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  • TEMPO.CO, Jakarta - Members of the House of Representatives (DPR) are set to deliberate the candidates for the supervisory board of the Indonesia Investment Authority for Indonesia’s Sovereign Wealth Fund (SWF) on Tuesday.

    President Joko “Jokowi” Widodo previously proposed the names to DPR leaders.

    “The presidential letter on the SWF investment authority board is still in possession of DPR leaders. The plan is to hold an official meeting about the letter itself,” said Commission XI House member Amir Uskara on Tuesday, January 19.

    According to Amir Uskara, the formation of the SWF authority board will be discussed in the consultatie assembly along with officially naming the people who the President had pitched. 

    The Sovereign Wealth Fund is planned to operate early this year and is often considered as one of the critical aspects the government has established to recover Indonesia’s economy after the Covid-19 pandemic. 

    President Jokowi once said that the government has prepared cash funds up to Rp15 trillion and SOEs assets valued at Rp50 trillion. The government is also eyeing to commit to investor support of US$20 billion. 

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