The Indonesia Investment Authority (INA;, lit. 'Investment Management Agency', LPI) is one of two sovereign wealth funds of Indonesia, with the other being Danantara.
History
The INA was launched in February 2021 as part of the Job Creation Law and is intended to attract investments, create jobs and to boost economic growth as well as to strengthen the country's economy by diversifying into new asset classes.[2][3][4] It has a target of managing $24.5 billion of assets. Unlike sovereign wealth funds of other countries which manage excess oil revenues or foreign exchange reserves, the INA seeks foreign funds as co-investors to finance the country's economic development.[5]
In 2022, INA became a Full Member of the International Forum of Sovereign Wealth Funds non profit organization.[6]