Jakarta — The government has officially launched Danantara, a new state investment management institution that is expected to become a key driver of Indonesia’s economic growth.
Economist Fithra Faisal Hastiadi stated that Danantara holds significant potential in attracting investment and accelerating the development of strategic sectors. However, he stressed the importance of strengthening governance as a fundamental foundation to build public and global market trust.
“The potential is huge, but the most critical aspect is governance. Good governance will determine investor confidence,” said Fithra.
The launch of Danantara also aligns with President Prabowo Subianto’s proactive approach to strengthening international relations. In his first 100 days in office, the President conducted working visits to nine countries, securing investment commitments worth USD 19.5 billion from key partners such as China, the United States, Malaysia, Turkey, and Qatar.
Danantara is expected to serve as a catalyst for turning these commitments into tangible investments on the ground.
Danantara’s main function is to support investment financing to boost national economic growth. While the 8% growth target is ambitious, Fithra noted that it remains theoretically attainable with the right policy instruments and investment strategies.
One of Danantara’s key advantages is its ability to accelerate financing in six national priority sectors, as identified in studies conducted with Bappenas. These sectors include energy (with renewable energy requiring IDR 1,000 trillion out of a total IDR 3,600 trillion), information and communication technology (ICT) (IDR 1,800 trillion), transportation, housing, sanitation, and water resources.
In response to the need for transparency, Danantara is designed with a multi-layered oversight system. Its financial reports will be made publicly available and overseen by state institutions such as the Audit Board (BPK), the Financial and Development Supervisory Agency (BPKP), the Corruption Eradication Commission (KPK), the Attorney General’s Office, the National Police, and independent auditors.
“Danantara is like an aquarium—every activity can be seen by the public,” Fithra explained, illustrating the institution’s commitment to openness.
With strong governance and a strategic sector focus, Danantara is expected to become a true game changer, guiding Indonesia into a brighter era of economic development.