Indonesia has been selected to host the 2018 Annual Meetings of the International Monetary Fund (IMF) and World Bank on the resort island of Bali, during which central bankers and finance ministers from across the globe will meet to discuss worldwide financial issues.
More than 13,000 participants from 189 countries are expected to join the event, to be held in October 2018, including official country delegations, international observers, academics, journalists and NGO representatives.
“You literally have all the senior people of the IMF there, and their officers are formally transferred from Washington to the site of this overseas meeting (in Bali). The decision making will take place abroad, not in Washington,” IMF spokesperson Jeremy Edward Mark said on Thursday.
The meeting, Mark further explained, would address various global economic issues. In general, the IMF, he said, has been monitoring the slow global economic recovery from crisis, sluggish global economic growth, increasing domination of China in the global economy and world leaders’ concerns on the impact of globalisation and global integration.
Bank Indonesia (BI) spokesperson Tirta Segara explained that the central bank and the Finance Ministry had formed a task force to work on the preparation of the annual meeting. They have also considered declaring the event’s dates as public holidays to help the event run smoothly.
)2016 the Asia News Network (Hamburg, Germany)
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