Jakarta (ANTARA) - The Indonesia Investment Authority (INA) and US International Development Finance Corporation (DFC) have taken a significant step towards catalyzing investments and promoting economic development in Indonesia by signing a memorandum of understanding (MoU).

As part of the MoU, INA and DFC will collaborate to identify investment opportunities across Indonesia that align with their respective investment mandates, demonstrating a strong potential for strategic and developmental impact, as noted in a release issued by the US Embassy in Jakarta on Thursday.

The MoU highlights the deepening economic relations between the two countries. DFC has a proven track record of mobilizing private sector investments to address development challenges.

The MoU underscores INA's unwavering dedication to fostering a collaborative environment with global investors and promoting sustainable development in Indonesia.

It also reflects INA's long-term commitment to the potential of Indonesia's economy.

"Working with a leading international financial institution, such as DFC, strengthens INA's pledge to become a trusted partner for Indonesia's future prosperity and contribute to a more equitable, sustainable, and prosperous future for the country," INA's CEO, Ridha Wirakusumah, said in connection with the relationship.

According to Wirakusumah, the important MoU is testament to INA's vision of positioning Indonesia as a leading investment destination and a strategic partner for global investors seeking to tap into the country's immense potential, unlocking a multitude of opportunities for Indonesia's economic growth and development.

"As part of our mandate to drive sustainable economic and social development in Indonesia, INA recognizes the essential role of collaboration. DFC's expertise and resources in financing and investing will be a valuable asset to INA, enabling us to expand our investments in key sectors, creating a conducive environment for private sector investments, and contributing to Indonesia's long-term growth and prosperity," he affirmed.

"DFC looks forward to a productive relationship with INA focused on catalyzing investment in the Indonesian private sector to address development challenges and pursue economic opportunities," DFC CEO Scott Nathan stated.

From hard infrastructure to energy security to improved healthcare, DFC brings with its investments a commitment to high standards and community involvement, Nathan said. "We are excited to see the tangible results of our relationship in the months and years to come," he stated.

With a shared objective of promoting joint investments, the MoU aims to unlock a wide range of opportunities for sustainable development projects in Indonesia.

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Reporter: Yuni Arisandy Sinaga
Editor: Sri Haryati
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