Jakarta – President Joko Widodo (Jokowi) is buoyant about the Indonesia Investment Authority (INA) gaining the trust of domestic and foreign investors to speed up national development.
“With a strong legal foundation and political support, the remarkable board of directors and advisory council, and a strong international network, I believe that the INA will gain national and international trust. This will make the INA a world-class Sovereign Wealth Fund,” Jokowi stated at the Merdeka Palace while introducing the INA’s directors on Tuesday.
The head of state appealed to other state institutions to support INA’s movement.
“It must be innovative and dare to take out-of-the-box decisions with good management. Indonesia must have adequate funding alternatives to speed up development toward an advanced Indonesia,” Jokowi remarked.
The head of state noted that the INA was established in accordance with the law on job creation and its implementation is regulated by Government Regulation No. 74 of 2020 on the INA issued on December 14, 2020.
“The INA is a professional institution protected under the law, and it heeds to professional considerations in taking the moves,” the president stated.
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Source: Antara News