Jakarta, July 29 -- Indonesia's sovereign wealth fund and investment management agency, Danantara, will participate in Financial System Stability Committee (KSSK) meeting solely in an advisory capacity without decision-making or voting rights, Finance Minister Purbaya Yudhi Sadewa clarified.

Addressing reporters in Jakarta following Danantara's first participation in a KSSK meeting, Purbaya emphasized that legal voting power remains exclusively in the hands of Indonesia's four KSSK members: the Finance Ministry, Bank Indonesia (BI), the Financial Services Authority (OJK) and the Deposit Insurance Corporation (LPS).

"By law, KSSK meetings may be attended by invited outside parties. However, when it comes to decisions, Danantara will not ...