Indonesia Investment Authority Signs Framework Deal with British International Investment
Posted on 07/19/2023
In a major step toward enhancing bilateral investment ties between Indonesia and the United Kingdom, Indonesia Investment Authority (INA), the sovereign wealth fund of Indonesia, and British International Investment (BII), the UK’s development finance institution (DFI) and impact investor, announced a strategic partnership aimed at fostering sustainable economic development and cooperation.
The partnership, which has been formalized through the execution of an Investment Framework Agreement between the two entities, will focus specifically within the spheres of green infrastructure, renewable energy, climate resilience and adaptation and related sectors.
The IFA was signed in Jakarta by INA Chief Executive Officer, Ridha Wirakusumah, and BII Chief Executive Officer, Nick O’Donohoe.
The partnership underlines the synergy between INA’s dedication and BII’s investment focus to mobilize capital and catalyze select green sectors in Indonesia to achieve development objectives on improved productivity, sustainability and inclusion.
