Danantara Becomes Catalyst for Indonesian Economic Growth

JAKARTA – The Daya Anagata Nusantara Investment Management Agency (Danantara) initiated by Indonesian President Prabowo Subianto is considered to be able to become a catalyst for Indonesia’s economic growth.

A number of parties believe that the existence of this institution can provide a positive impact on the capital market and the national economy.

The financial services company from the United States, JP Morgan, sees great potential in the presence of Danantara.

Head of Indonesia Research & Strategy JP Morgan Indonesia, Henry Wibowo, emphasized that if the implementation goes well, this institution can provide significant added value for Indonesia.

“If the execution is good, can be carried out well, and the team is good too, Danantara can be an added value for Indonesia,” said Henry,

Henry added that Danantara has the potential to strengthen the domestic capital market.

“If Danantara can leverage up, for example, USD 1 billion-USD 3 billion is used to support the capital market, be it equity, bonds. I can say that it helps boost economic growth, so it is hoped that it will be a positive catalyst in the near future,” he explained.

Chairman of the National Economic Council (DEN), Luhut Binsar Pandjaitan, also gave a similar response.

He considered the presence of Danantara as a strategic step that can accelerate national economic growth.

“President Prabowo will launch Danantara on February 24, 2025 with the aim of managing BUMN dividends and state funds so that they can develop through investment instruments,” said Luhut

He emphasized that with a transparent system and good governance, this institution can become an important instrument for the national economy.

President Prabowo himself explained that the formation of Danantara aims to consolidate BUMN assets and economic strength so that their management is more optimal.

With initial funding reaching USD 20 billion, investment will be focused on the renewable energy sector, manufacturing, downstream industries, and food production.

“Danantara will invest natural resources and state assets in sustainable and high-impact projects,” said Prabowo at the World Government Summit forum in Dubai.

With effective and transparent management, Danantara is expected to become a new source of economic strength for Indonesia, as well as bring benefits to future generations. (*)