Jokowi's Legacy of Debt May Curb Danantara's Investment Ambition

Indonesia's state-owned construction firms are burdened with significant debt from former President Jokowi's infrastructure spending, which threatens to constrain President Prabowo's newly established sovereign wealth fund Danantara. The fund may need to allocate substantial resources to rehabilitate these troubled firms, thereby limiting its capacity for new strategic investments. This financial legacy presents a key challenge to the current administration's investment ambitions.