As the host of International Monetary Fund (IMF)-World Bank Group Annual meetings 2018, Indonesia brings a number of key issues addressed at the meeting taking place in Nusa Dua Bali, from 8-14 October, 2018. One of the main issues voiced by Indonesia is strengthening Indonesia's infrastructure financing. Indonesia will fight for infrastructure financing not only to be financed by the state budget, but also to involve the private sectors. Minister of National Development Planning Bambang Brodjonegoro after delivering his opening remarks at a dialogue themed Inclusive Urbanization Amid Global Change at Westin Hotel, Nusa Dua Bali, on Saturday (10/13) said there were two direct impacts of the IMF-WB Group meetings in Bali. According to him, both direct and indirect transactions will have greater impacts on Indonesia. He also said until Saturday his party had succeeded in obtaining private investment of 47 trillion rupiah.
"There are two direct impacts of this meeting. I mean the transaction and its economic impact if we look at the number of participants which is above our estimation in the beginning so that we estimate that the economic impact will be great for Bali. The direct and indirect impacts will be greater. There are various types of investments, some directly to state-owned enterprises, there are Foreign Direct Investment (FDI) in Indonesia through the Indonesian Investment Coordinating Board (BKPM). There are also investments that we will launch later that relate to national private participation. There are also international philanthropic community participation in mixed finance. The amount is still moving. From us there are 47 trillion national private investments in infrastructure. This investment is for biomass power plant, and there are toll road developments in several places, said Minister of National Development Planning Bambang Brodjonegoro.
It is estimated that most of foreign delegates and guests will spend more time in Indonesia to have a vacation after the meeting. Thus, it will be able to live up tourism in Bali. Besides, for a long term impact, the annual meeting of the International Monetary Fund - the World Bank in Bali, will enable Indonesia to establish mutual agreements on global economic issues, trade and investment, tourism promotion, and expand the international community network. (VOI/DP/AHM)