Tag: POVERTY REDUCTION
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Prabowo’s Danantara Sovereign Wealth Fund Faces Governance Challenges
President Prabowo Subianto has launched Danantara, Indonesia’s new sovereign wealth fund, with $20 billion in initial capital. Analysts express concerns about the fund’s governance structure potentially hindering investor trust. The fund aims to consolidate state-owned enterprises, with new leadership appointments and significant asset management goals. Legislative changes further define the fund’s operation but raise apprehensions…