Indonesian parliament discusses candidates overseeing sovereign wealth fund
Members of the Indonesian House of Representatives (DPR) are discussing candidates for the supervisory board of the Sovereign Wealth Fund (SWF), representative of the House’s Commission XI Amir Uskara said on January 19.
Members of the Indonesian House of Representatives are discussing candidates for the supervisory board of the Sovereign Wealth Fund. (Photo: tempo.co)
Jakarta (VNA) – Members of the Indonesian House of Representatives(DPR) are discussing candidates for the supervisory board of the SovereignWealth Fund (SWF), representative of the House’s Commission XI Amir Uskara said on January 19.
Earlier, President Joko Widodo sent a letter to the parliament, proposing thenames to the DPR leaders.
The President’s letter on the SWF investment authority board is still inpossession of DPR leaders, who is going to hold an official meeting about theletter itself, he said, adding the formation of the SWF authority board will bediscussed in the consultative assembly while the President’s proposed nameswill be considered carefully.
The SWF is established in the context that the Indonesian economy has beenbattered by the COVID-19 pandemic. It is planned to operate early this year,and is expected to help the Southeast Asian country recover its economy afterthe outbreak is controlled.
President Widodo earlier said that the government has prepared cash funds up to15 trillion IDR (1.06 billion USD) and State-owned enterprises’ assets valuedat 50 trillion IDR for the SWF.
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Members of the Indonesian House of Representatives are discussing candidates for the supervisory board of the Sovereign Wealth Fund. (Photo: tempo.co) 
