Indonesian wealth fund INA's investments doubled in value in 2023

Sovereign wealth fund Indonesia Investment Authority (INA) more than doubled its investments in 2023 despite political and economic uncertainties throughout the year, according to its annual report. The report noted that INA and its co-investors disbursed USD1.9 billion in 2023 -- up 152.6% year-on-year. In 2023, INA made six investments, with a total of nine projects, across the health, infrastructure, digital infrastructure, geothermal, and logistics sectors. The new investments resulted in an increase of IDR 37.7 trillion (USD 2.3 billion) in INA's total assets under management (AUM), bringing its total AUM to IDR 147.6 trillion by the end of 2023.