Jakarta (ANTARA) - Indonesian Minister of Trade from the 2011-2014 period, Gita Wirjawan, emphasized the crucial role of the sovereign wealth fund Danantara in positioning the Republic of Indonesia on the international stage.

"By strategically positioning Indonesia in the global stage, Danantara has the potential to establish partnerships with international institutions for up to 75 years," he said at the hybrid Meet the Leaders: Gita Wirjawan's Discussion of Southeast Asia's Role from the Periphery to the Center of the World, here on Thursday.

To illustrate this strategic role, Wirjawan cited the example of the United States’ CalPERS (California Public Employees’ Retirement System), a long-term investment institution established 93 years ago.

He explained that if Danantara could establish international partnerships for climate change initiatives, welfare equality, and public service distribution—similar to CalPERS—it would mark a major breakthrough.

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According to Wirjawan, Danantara could serve as both a guide and a model for reducing Indonesia’s economic uncertainty.

"This is the largest and most important entity entrusted by the country’s leadership. I am not Danantara’s marketing director, but if it is managed properly, there is no reason for it to fail," he remarked.

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As a new institution in Indonesia, Danantara holds a strategic role in attracting investment, he stressed. "Structurally, I fully support it," he added.

Wirjawan underscored that the sovereign wealth fund, alongside state-owned enterprises, is capable of transforming uncertainty into stability.

"The two keys to Danantara’s success are making Indonesia a focal point for the global community and turning uncertainty into certainty," he concluded.



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