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 asignificant step towards promoting economic development in Indonesia by signinga Memorandum of Understanding (MoU).
According to a statement released on March 16 by the USEmbassy in Jakarta, the two sides will collaborate to identify investmentopportunities throughout Indonesia that align with their respective investmentmandates, demonstrating strong potential for strategic and developmental impact.
The document highlights the deepening economic relationshipbetween the two countries. The DFC has a proven track record of mobilising privatesector investments to address development challenges. With the exposure of morethan 35 billion USD, the DFC has helped spur economic growth and promote regionalstability in developing countries around the world.
The MoU underscores INA’s unwavering dedication tofostering a collaborative environment with global investors and promotingsustainable development in Indonesia. It also reflects INA’s long-termcommitment to the potential of Indonesia’s economy.
INA CEO Ridha Wirakusumah said that thesignificant MoU is a testament to INA’s vision of positioning Indonesia as aleading investment destination and a strategic partner for global investorsseeking to tap into the country’s immense potential, unlocking a multitude ofopportunities for Indonesia’s economic growth and development.
DFC CEO Scott Nathan said that the DFC looks forward to aproductive relationship with the INA focused on catalysing investment in theIndonesian private sector to address development challenges and pursue economicopportunities./.
