IMF-WB MEETINGS EXPECTED TO YIELD TOURISM BENEFITS

by Andi Abdussalam

Jakarta, March 29 (Antara) - The International Monetary Fund-World Bank (IMF-WB) annual meetings, expected to attract 15 thousand delegates, investors, observers, journalists, and other foreign guests, is a major event that will offer significant tourism benefits.          Hence, the Indonesian government, particularly the Ministry of Tourism, is making all-out efforts to finalize preparations and to promote its tourism in the run-up to the international event to take place for about a week in the Indonesian tourist resort province of Bali next October.          The organizing committee has estimated that four thousand official delegates of the levels of ministers and Central Bank governors as well as officials from 189 member countries of the IMF and World Bank will attend the meeting.          Some five thousand investors, one thousand observers, 1,500 IMF and World Bank employees, thousands of businesspersons, and one thousand journalists are also expected to participate in the IMF-WB annual meetings. The peak of the event will take place on Oct 12-14, but business discussions and talks on the sidelines of the meeting will be held on Oct 8-14.

INDONESIA EYES US$100 MILLION BY HOSTING IMF-WB MEETINGS

By Andi Abdussalam

Jakarta, Nov 23 (Antara) - Indonesia expects to gain around US$100 million by hosting the annual meetings of the International Monetary Fund (IMF) and World Bank (WB) in Bali on Oct 8-14 next year.          The meetings are among the largest and influential events on finance and economy that bring together central bank governors and finance ministers from 189 countries.          The main annual meetings are scheduled to take place on October 12-14, 2018, but will be preceded by other agendas, such as seminars and other meetings, to discuss developments in the global economy.          Indonesia has called on the WB to give its outlook on the country's economy amid the fast dynamic developments in the global economy.          "We have urged them to explain what the Indonesian economic outlook will look like and what its shortcomings are," President Joko Widodo (Jokowi) remarked following a meeting with WB executives at the Bogor Presidential Palace on Tuesday (Nov 21).      "Where will we begin the improvement? I think that such inputs from any other institution are important for us to overcome the shortcomings," he noted.