Head of Macroeconomics and Investment Strategy Director of PT Bahana TCW Investment Management Budi Hikmat said the Investment Management Institution, or sovereign wealth fund (SWF), is a breakthrough so that Indonesia can escape the risk of the middle-income trap.

"And (this strategy) without burdening the state's financial condition, which is currently very large," said Budi Hikmat in a press release, Monday (25/1).

According to Budi, SWF Indonesia is different from the SWF model of developed countries. Indonesia's SWF is intended to manage investment wealth from outside by allocating it to national projects, such as infrastructure.

For SWF to avoid political interests, according to Budi, SWF management (both commissioners and directors) SWF must have high integrity, governance, and competency capacity in managing investment so that Indonesia does not lose investors' trust from other countries.

"SWF is a stake for Indonesia's dignity in maintaining the trust of foreign countries. We hope that SWF can run smoothly and professionally, "he concluded.

According to Ahmad Yani, a member of the Ministry of Finance's expert team, the SWF model in developed countries is like an investment vehicle to multiply wealth during a crisis to save developed countries' income whenever the source of state revenue is affected by the crisis.

Several developed and neighboring countries that already have SWF are, neighboring Singapore with Temasek Holding, Malaysia with Hazanah, and Norway with the Norway Government Pension Fund Global.