Indonesia launched the Daya Anagata Nusantara Investment Management Board (Danantara) on February 24, 2025, with aims to raise GDP growth from 5% to 8% by 2029. Expected to manage approximately $900 billion in assets, Danantara is set to become one of the largest sovereign wealth funds globally. Chinese investment has rapidly increased in Indonesia, leveraging opportunities through the Belt and Road Initiative. This development may deepen Chinese influence in Indonesia's digital infrastructure and ecosystems, showcasing the dual role of sovereign wealth funds as economic tools and avenues for soft power in strategic competition.
Daya Anagata Nusantara Investment Management Board (Danantara) has been launched to consolidate control over Indonesia's state-owned enterprises and achieve an economic growth target of 8% by 2029.
With expected assets under management of around $900 billion, Danantara could become one of the world's largest sovereign wealth funds, positioning Indonesia favorably in global finance.
Chinese investments in Indonesia, significantly driven by the Belt and Road Initiative, could further embed themselves into Indonesia's digital ecosystems through partnerships with Danantara.
Sovereign wealth funds are used not only for economic stabilization but also as instruments of soft power in strategic competition on a global scale.
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