INA SWF Managed Funds Have Grown Significantly Since Its Establishment in 2020

August 13, 2024
INA SWF Managed Funds Have Grown Significantly Since Its Establishment in 2020

During media visit to the editorial board of Bisnis Indonesia on Tuesday (13/8) CEO of The Indonesia Investment Authority (INA)Ridha Wirahadikusuma said on that the company has significantly expanded its assets under management (AUM), reaching IDR 160 trillion in 2024, marking substantial growth since its establishment in 2020. INA received an initial capital injection of IDR 75 trillion, consisting of IDR 30 trillion in cash and IDR 45 trillion in shares. Through optimal performance, INA successfully increased its managed funds without requiring additional capital injections. Ridha also mentioned that INA has obtained a good credit rating from Fitch Ratings, with a BBB rating for international credit and AAA(idn) for national credit. INA continues to attract global investors by promoting long-term projects aligned with ESG principles, making it a key player in driving sustainable economic development in Indonesia.