Indonesia Water Fund Launched in Bali

Bali, 17-18 October 2022: To provide clean water for Indonesians and ensure its quality, the Ministry of State-Owned Enterprises launched the Indonesia Water Fund (IWF) during the Road to G20: SOE International Conference, 17–18 October 2022, Bali, Indonesia.

Vice President Maruf Amin led the launch. IWF aims to raise US$300 million to fund its operations.

Dr Lili Yan Ing, Lead Advisor for Southeast Asia, Economic Research Institute for ASEAN and East Asia, and a conference delegate, praised the project but raised concerns about its feasibility. She advised the Government of Indonesia to be mindful of government spending, particularly in creating new institutions, as it would require significant funds and human resources. She said IWF and all state-owned enterprises should aim to achieve clear annual targets and be managed by professionals. All projects and activities, she added, should be conducted in a transparent and accountable way to avoid interference from political interests.