Vietnam not Manipulating Currency, Eyeing Closer Cooperation with US theusnews.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from theusnews.com Daily Mail and Mail on Sunday newspapers.
By Reuters Staff
2 Min Read
JAKARTA (Reuters) - Indonesia’s soon-to-be launched sovereign wealth fund (SWF) is targeting $20 billion in investment in the next few months, President Joko Widodo said, a larger sum than previously announced after positive responses from several firms.
Southeast Asia’s largest economy hopes to launch the SWF early this year to attract funds to help it get out of its pandemic-induced recession as well as finance an ambitious infrastructure drive and a massive capital relocation project.
Unlike many SWFs set up by wealthy countries to save oil revenues or foreign exchange reserves, the Indonesian fund - like others in emerging markets - is designed to attract foreign firms as co-investors.
Indonesia's soon-to-be launched sovereign wealth fund (SWF) is targeting US$20 billion in investment in the next few months, President Joko Widodo said, a larger sum than previously announced after positive responses from several firms. Southeast Asia's largest economy hopes to launch the SWF early this year to attract funds to help it get out of its pandemic-induced recession as well as finance an ambitious infrastructure drive and a massive capital relocation project.
US Government Announces United Women’s Economic Development Network Felice Friedson 01/14/2021
Special Envoy for Economic Normalization Aryeh Lightstone and Ambassador-at-Large Kelley Currie keynote speakers at virtual launch
The US State Department’s Office of Global Women’s Issues and the US International Development Finance Corporation are hosting the virtual launch of the United Women’s Economic Development Network on January 14.
Special Envoy for Economic Normalization Aryeh Lightstone is the conceptualizer of the latest American government initiative falling under the auspices of the Abraham Accords, the series of normalization agreements between Israel and Arab nations announced in August and including the United Arab Emirates, Bahrain, Sudan; and outside the borders of the Accords, Morocco.
China has promised a greater focus on cleaner projects under the Belt and Road Initiative but it has little concrete results to show so far, said analysts.