Panicked investors should give Indonesia a second look

Indonesia has just pulled off something rare in global finance: it has named serious, heavyweight figures to the advisory board of its new US$900 billion sovereign wealth fund, Danantara. Yet, despite the caliber of the appointments—Ray Dalio, Jeffrey Sachs and others—markets reacted with sharp skepticism. Jakarta’s benchmark index fell by as much as 4.7%. That’s […]
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