Jakarta, July 14 -- The Indonesian Ministry of Culture and the sovereign wealth fund Danantara Indonesia signed a memorandum of understanding (MoU) in Jakarta on Monday to formalize cooperation aimed at strengthening the country's cultural advancement ecosystem.

In a statement received on Tuesday, Culture Minister Fadli Zon expressed appreciation for the strategic partnership with Danantara, saying it aligns with the constitutional mandate stipulated in Article 32, Paragraph (1) of the 1945 Constitution.

"I believe this is a highly strategic step, especially since the CEO of Danantara also serves as the Chairman of the Danantara Trust. We must promote Indonesian culture in accordance with our constitutional mandate so that it secures it...