The Indonesia Investment Authority (INA) and the U.S. International Development Finance Corporation (DFC) have signed a Memorandum of Understanding (MoU) to promote economic development in Indonesia.
The MoU aims to identify investment opportunities throughout Indonesia that align with their respective investment mandates, which can potentially have a strategic and developmental impact.
This MoU signifies a deepening economic relationship between Indonesia and the United States.
The DFC has a track record of mobilizing private sector investments to address development challenges, with exposure of more than $35 billion, helping to promote economic growth and regional stability in developing countries globally.
The INA’s unwavering dedication to fostering a collaborative environment with global investors and promoting sustainable development in Indonesia is reflected in the MoU, demonstrating their long-term commitment to the potential of Indonesia’s economy.
INA’s CEO, Ridha Wirakusumah, said that working with DFC strengthens INA’s pledge to become a trusted partner for Indonesia’s future prosperity.
The MoU aims to unlock a wide range of opportunities for sustainable development projects in Indonesia. As part of the 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 them to expand their 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 is looking forward to a productive relationship with INA, focused on catalyzing investment in the Indonesian private sector to address development challenges and pursue economic opportunities. From hard infrastructure to energy security to improved healthcare, DFC brings its investments with a commitment to high standards and community involvement.
The MoU between DFC and INA is the first of what they anticipate will be many engagements between their organizations to deliver their shared commitment to the people of Indonesia. – BusinessNewsAsia.com