Indonesia's Danantara Wealth Fund Unveils High-Profile Advisory Team

The $900 billion sovereign wealth fund consolidates state-owned enterprises and targets strategic investments while addressing governance concerns.

Danantara Indonesia, launched in February 2025, aims to drive 8% GDP growth by 2029 by managing state-owned enterprises and reinvesting dividends.
A high-profile advisory board includes Ray Dalio, Jeffrey Sachs, former Thai Prime Minister Thaksin Shinawatra, and ex-Indonesian Presidents Joko Widodo and Susilo Bambang Yudhoyono.
The fund's first $20 billion investment phase will focus on natural resources processing, AI, energy, and food security projects.
Concerns over governance and political interference persist, contributing to market volatility, a 7% stock index drop, and currency depreciation.
Danantara seeks to bolster investor confidence by appointing credible global advisors and emphasizing transparency and risk management.