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Breakingviews - Indonesia builds sovereign fund with daring design

Indonesia is putting its own stamp on investing. International buyout firms and Gulf nations are being wooed to invest into a new sovereign fund, which will back state assets and job-creating infrastructure projects. The structure is a mashup of Singaporean and Indian models. It’s an ambitious effort to finance President Joko Widodo’s development plans, but also faces limits on how much outside money will take the plunge.  

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