JAKARTA – CEO of BPI Daya Anagata Nusantara (Danantara), Rosan Roeslani, revealed that the government is preparing a trust fund—also referred to as a grant fund—totalling USD 1 billion, derived from Danantara’s assets.

Cited by CNN Indonesia, Rosan claimed that Danantara will allocate between 1% and 2.5% of total dividends from state-owned enterprises (BUMN) as grants through the Danantara Trust Fund.

Rosan aims for the Danantara Trust Fund to manage up to USD 1 billion—equivalent to IDR 16.5 trillion—within the next five to six years.

“At the start of the year, we will initially allocate USD 100 million, and based on current estimates, within the next five to six years we should be able to contribute as much as USD 1 billion to the Danantara Trust Fund,” Rosan stated in a media interview on Wednesday (7/5).

Taking advantage of Bill Gates’s visit to Indonesia, the government is also seeking collaboration with the Gates Foundation in the Danantara Trust Fund initiative.

Rosan stated that the ultimate goal of this initiative is to position Indonesia as a leading hub for philanthropic activities in the ASEAN region, which requires cooperation between philanthropists and international business figures. (ZH)