Indonesia Investment Authority (INA) and US International Development Finance Corporation (DFC) sign a Memorandum of Understanding to promote economic development in Indonesia. (Photo:id.usembassy.gov) Jakarta (VNA) – Indonesia Investment Authority (INA) and US International Development Finance Corporation (DFC) have taken a significant step towards promoting economic development in Indonesia by signing a Memorandum of Understanding (MoU).
According to a statement released on March 16 by the US Embassy in Jakarta, the two sides will collaborate to identify investment opportunities throughout Indonesia that align with their respective investment mandates, demonstrating strong potential for strategic and developmental impact.
The document highlights the deepening economic relationship between the two countries. The DFC has a proven track record of mobilising private sector investments to address development challenges. With the exposure of more than 35 billion USD, the DFC has helped spur economic growth and promote regional stability in developing countries around the world.
The MoU underscores INA’s unwavering dedication to fostering a collaborative environment with global investors and promoting sustainable development in Indonesia. It also reflects INA’s long-term commitment to the potential of Indonesia’s economy.
INA CEO Ridha Wirakusumah said that the significant MoU is a testament to INA’s vision of positioning Indonesia as a leading investment destination and a strategic partner for global investors seeking to tap into the country’s immense potential, unlocking a multitude of opportunities for Indonesia’s economic growth and development.
DFC CEO Scott Nathan said that the DFC looks forward to a productive relationship with the INA focused on catalysing investment in the Indonesian private sector to address development challenges and pursue economic opportunities./.
