Money Turnover at IMF-WB 2018 Meeting Expected to Reach Rp 4 Trillion

By : Hariyanto And Aldo Bella Putra | Sunday, February 11 2018 - 17:00 IWST

IMF-WB 2018
IMF-WB 2018

INDUSTRY.co.id - Yogyakarta - Bank Indonesia declares a turnaround of money in the implementation of the Annual Session of the International Monetary Fund (IMF) and World Bank (World Bank) scheduled to take place in Nusa Dua, Badung regency, Bali, in October 2018 estimated at Rp 4 trillion.

"It will run the economy in Bali more tightly," said Chief Representative of Bank Indonesia Province Bali Causa Iman Karana on the last day of public relations and bank central workshop in Yogyakarta, Sunday (11/2/2018).

According to him, the velocity of money with great value is driven by the need to meet the meeting among others accommodation and drinking meals, transportation to telecommunications services and the needs of other supporting activities.

The big money turnover remembers the annual session of the IMF and the World Bank was attended by about 15 thousand delegates from 189 countries.

They are senior state banks, financial practitioners, economists, economic policy makers, practitioners and other delegates who will certainly spend a lot of money during their stay in Bali.

Ahead of the implementation of the world economic meeting, a number of preparations are being undertaken among them the construction of infrastructure projects including underground lines or underpasses at the intersection of I Gusti Ngurah Rai International Airport.

There is also a development of a marina port (tourism port) in Benoa, Denpasar and an expansion plan apron aircraft at Ngurah Rai Airport to support the capacity of the wide-bodied aircraft parking to accommodate the high flight traffic ahead of the grand meeting.

He added that the implementation of the annual session is also one of the indicators driving the economic growth of Bali.

In 2018, the central bank predicted economic growth in Bali Island to reach the range of 6-6.4 percent or beyond the achievement in 2017 of 5.59 percent.

The Indonesian government is preparing around Rp868 billion for the success of the IMF and World Bank 2018 annual meetings.

Funds taken APBN 2018 was disbursed for the construction of infrastructure projects, accommodation delegations and other needs. (tar)

News Comment

Today's Industry

Bank Central Asia (Foto Ist)

Jumat, 23 Februari 2018 - 23:00 WIB

This morning, JCI Opened up to 6608 position

Jakarta - Jakarta Composite Stock Price Index (BEI) opened at 6.608 in the first session of trading Friday (23/02/2018), 0.23% higher or 15 points compared to the position at the end of trading…

BRIT Awards 2018 at The O2 London. (Source: TVM)

Jumat, 23 Februari 2018 - 22:14 WIB

Complete List of BRIT Awards 2018 Winners, Congratulations!

The annual music awards event by the British Phonographic Industry, BRIT Awards 2018 was successfully held on Wednesday (21/2) at The O2 Arena, London. Almost all the famous musicians present…

PT Unilever Indonesia (Foto Dok Industry.co.id)

Jumat, 23 Februari 2018 - 22:00 WIB

Today, JCI Moves Predicted Varies at 6,562-6,628

Jakarta - Movement Composite Stock Price Index (CSPI) is predicted to vary in trading Friday (23/02/2018) after a decline in trading on the previous day. The range of movement is in position…

Hino Truck Products

Jumat, 23 Februari 2018 - 21:53 WIB

Hino Dutro Light Truck Sales Up 10 Percent By 2017

PT Hino Motors Sales Indonesia (HMSI) recorded positive results for the category of light duty trucks or light trucks. Hino Dutro, launched in 2002, recorded an increase in sales every year…

Hino Bus Products

Jumat, 23 Februari 2018 - 21:51 WIB

Hino Bus Dominates Bus Market With 74 Percent Total Market Share

PT Hino Motors Sales Indonesia (HMSI) managed to achieve good with positive achievements for sales in 2017 for the Bus market.