Jokowi's Legacy of Debt May Curb Danantara's Investment Ambition
Indonesia's state-owned construction firms are burdened with significant debt accumulated during former President Jokowi's infrastructure expansion, which threatens to constrain President Prabowo's newly established Danantara sovereign wealth fund. The fund may be forced to allocate substantial resources to rehabilitate these debt-laden companies rather than pursue new investment opportunities. This situation presents a major challenge to Danantara's growth ambitions and strategic initiatives.
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Jokowi’s Legacy of Debt May Curb Danantara’s Investment Ambition
Indonesia's state-owned construction firms are burdened with significant debt accumulated during former President Jokowi's infrastructure expansion, which threatens to constrain President Prabowo's newly established Danantara sovereign wealth fund. The fund may be forced to allocate substantial resources to rehabilitate these debt-laden companies rather than pursue new investment opportunities. This situation presents a major challenge to Danantara's growth ambitions and strategic initiatives.
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