Indonesia's sovereign wealth fund, Russia's tourism plan

Author

Salaam Gateway
May 12, 2025

Pulse of the Global Islamic Economy

Dhu al-Qidah 13, 1446 AH

Assalamualaikum,

Indonesia’s new $900 billion sovereign wealth fund is billed as a gamechanger to revive a faltering economy, boost growth and attract investors. However, its choice of people at the helm is casting a dark shadow on its prospects. Is this the catalyst Indonesia needs? 

 Meanwhile, Russia is courting Muslim tourists from Asian and Middle Eastern countries by positioning itself as a top destination. Read our piece to find out more. 

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In the United States, the federal funds rate is projected to be down to 4% at the end of 2025 and reach its long-term equilibrium of 2.9% at the end of 2028.
Source: IMF, World Economic Outlook, April 2025

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