Worry no more, foreign investors! Indonesia established a sovereign wealth fund

In line with the spirit of bolstering investment from foreign investors into Indonesia with the aim to create new job opportunities as mandated by Law No. 11 of 2020 on job creation (Omnibus Law), the Government of Republic of Indonesia issued the implementing regulations of Omnibus Law for the creation of Indonesia's first sovereign wealth fund Lembaga Pengelola Investasi (LPI). LPI is officially created by virtue of Government Regulation No. 73 of 2020 on Initial Capital of LPI and Government Regulation No. 74 of 2020 on LPI. Both government regulations were issued on 14 December 2020 and came into force on 15 December 2020.

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