JAKARTA, Indonesia – Indonesia Investment Authority (INA) and U.S. International Development Finance Corporation (DFC) have taken a significant step towards promoting economic development in Indonesia by signing a Memorandum of Understanding (MoU). As part of the MoU, DFC and INA will collaborate to identify investment opportunities throughout Indonesia that align with their respective investment mandates, demonstrating a strong potential for strategic and developmental impact.
The MoU highlights the deepening economic relationship between the two countries. DFC has a proven track record of mobilizing private sector investments to address development challenges. With exposure of more than $35 billion, DFC has helped spur economic growth and promote regional stability in developing countries around the world.
The MoU underscores INA’s unwavering dedication to fostering a collaborative environment with global investors and promoting sustainable development in Indonesia. It also reflects INA’s long-term commitment to the potential of Indonesia’s economy.
Commenting on the relationship, INA’s CEO, Ridha Wirakusumah, stated that, “Working with a leading international financial institution such as DFC strengthens INA’s pledge to become a trusted partner for Indonesia’s future prosperity, and contribute to a more equitable, sustainable, and prosperous future for the country. This significant MoU is testament to INA’s vision of positioning Indonesia as a leading investment destination and a strategic partner for global investors seeking to tap into the country’s immense potential, unlocking a multitude of opportunities for Indonesia’s economic growth and development.
“As part of our mandate to drive sustainable economic and social development in Indonesia, INA recognizes the essential role of collaboration. DFC’s expertise and resources in financing and investing will be a valuable asset to INA, enabling us to expand our investments in key sectors, creating a conducive environment for private sector investments, and contributing to Indonesia’s long-term growth and prosperity.”
DFC CEO Scott Nathan, said, “DFC looks forward to a productive relationship with INA focused on catalyzing investment in the Indonesian private sector to address development challenges and pursue economic opportunities. The signing of today’s MoU is the first of what we anticipate will be many engagements between our two organizations to deliver our shared commitment to the people of Indonesia. From hard infrastructure to energy security to improved healthcare, DFC brings with its investments a commitment to high standards and community involvement. We are excited to see the tangible results of our relationship in the months and years to come.”
With a shared objective of promoting joint investments, the MoU aims to unlock a wide range of opportunities for sustainable development projects in Indonesia.
About DFC
U.S. International Development Finance Corporation (DFC) partners with the private sector to finance solutions to the most critical challenges facing the developing world today. We invest across sectors including energy, healthcare, critical infrastructure, and technology. DFC also provides financing for small businesses and women entrepreneurs in order to create jobs in emerging markets. DFC investments adhere to high standards and respect the environment, human rights, and worker rights.
About Indonesia Investment Authority (INA)
The Indonesia Investment Authority is Indonesia’s sovereign wealth fund, mandated to increase investment to support the country’s sustainable development and build wealth for its future generations. INA conducts investment activities and collaborates with leading global and domestic investment institutions in sectors that strengthen Indonesia’s advantages and provide optimal returns.
For Indonesian version, please visit https://www.ina.go.id/press-releases-id/indonesia-investment-authority-dan-u-s-international-development-finance-corporation-menandatangani-memorandum-of-understanding-untuk-mendorong-investasi-di-indonesia?file=id (courtesy of INA).
Source: id.usembassy.gov
