JAKARTADAILY.ID – Indonesia Investment Authority (INA) and the United States International Development Finance Corporation (DFC) have taken significant steps in promoting economic development in Indonesia through the signing of a Memorandum of Understanding (MoU).
As part of the MoU, DFC and INA will work together to identify investment opportunities throughout Indonesia, consistent with their respective investment mandates, that demonstrate strong potential for strategic and development impact.
This MoU shows the increasingly close economic relations between the two countries. DFC has a proven track record of mobilizing private sector investment to address development challenges.
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With over $35 billion in exposure, DFC has helped spur economic growth and promote regional stability in developing countries around the world.
Furthermore, this MoU confirms INA's strong determination to build a conducive working environment with global investors, and encourage sustainable development in Indonesia. This also reflects INA's long-term commitment to Indonesia's economic potential.
"Working with a leading international financial institution like DFC reinforces INA's commitment to becoming a trusted partner in creating prosperity for future generations, as well as contributing to a more just, prosperous, and sustainable future, for Indonesia," said Ridha D. M. Wirakusumah INA's Chief Executive Officer said on Wednesday, March 15, 2023.
"This significant agreement is a clear testament to INA's vision of positioning Indonesia as a major investment destination and becoming a strategic partner for global investors who want to take advantage of the country's great potential, opening up great opportunities for Indonesia's economic growth and development," Ridha said.
"As part of our mandate to promote sustainable economic and social development in Indonesia, INA believes in the important role of collaboration. DFC's expertise and resources in financing and investment will be a valuable asset for INA, enabling us to expand investment in key sectors, creating a conducive environment for private sector investment, and contributing to Indonesia's long-term growth and prosperity," he said.
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DFC's CEO, Scott Nathan said that "DFC looks forward to a productive relationship with INA, focused on increasing investment in the Indonesian private sector to address development challenges and pursue economic opportunities."
"The signing of the MoU today is the start of further engagement between the two organizations to meet the shared commitment to the people of Indonesia. From physical infrastructure to energy security to improving health services, DFC is committed to high standards and community involvement in its investments. We are excited to see tangible results from this relationship in the months and years ahead,” he added.
Through the common goal of INA and DFC in encouraging investment, this MoU aims to open various opportunities for sustainable development projects in Indonesia.
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