Indonesia Investment Authority (INA), the country’s first sovereign wealth fund, has no immediate plans to issue debt, because it has sufficient capital to fund investments, its new chief executive says, despite recent market volatility weighing on some of its portfolio.
Indonesia Investment Authority (INA) chief executive Oki Ramadhana gestures as he speaks during a media briefing on July 1 in Jakarta.
(Courtesy of/INA)
Indonesia Investment Authority (INA), the country’s first sovereign wealth fund, has no immediate plans to issue debt, because it has sufficient capital to fund investments, its new chief executive says, despite recent market volatility weighing on some of its portfolio."There is no plan for now. We'll see what funding needs look like going forward. Our capital is still enough. We continue to invest," INA CEO Oki Ramadhana told reporters during a media briefing on Wednesday.
INA planned to deploy Rp 17 trillion (US$945 million) alongside co-investors this year, Oki said.
