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

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)