Jakarta (ANTARA) – The Indonesia Investment Authority (INA) has been accepted as a full member of the International Forum of Sovereign Wealth Funds (IFSWF), a global network of Sovereign Wealth Funds (SWFs) or investment management institutions, with members from more than 40 countries.
In an official statement received in Jakarta on Monday, Ridha Wirakusumah, Chairman of the INA Board of Directors, said that they are honored to be accepted as a full member of the IFSWF. INA is committed to upholding global governance standards and prudent investment practices established by the Santiago Principles.
“This aligns with our mission to optimize value-added investments and maximize economic impact to grow wealth and sustainable development for Indonesia,” said Ridha.
INA has been an associate member of the IFSWF since May 2021. By becoming a full member of the IFSWF, INA voluntarily agrees to uphold the Santiago Principles, which are internationally accepted principles and practices for the governance, investment, and risk management of sovereign wealth funds.