Finance Minister Sri Mulyani Indrawati said Indonesia would propose coral reef insurance at the annual meeting of the International Monetary Fund (IMF) and the World Bank in Nusa Dua, Bali, 8-14 Oct

By : Herry Barus And Aldo Bella Putra | Monday, October 08 2018 - 00:30 IWST

Menkeu Sri Mulyani (Foto Setkab)
Menkeu Sri Mulyani (Foto Setkab) - Nusa Dua - Finance Minister Sri Mulyani Indrawati said Indonesia would propose coral reef insurance at the annual meeting of the International Monetary Fund (IMF) and the World Bank in Nusa Dua, Bali, 8-14 October 2018

"Maybe later in the meeting I will try to discuss the form of insurance against the world's wealth. This is not only Indonesia's wealth but the world," she said after planting coral reefs on Nusa Dua Beach, Badung Regency, Bali, on Sunday. (7/10/2018)

According to her, the existence of coral reefs can be disrupted due to human activities and lifestyles so that the forum is expected to be a forum to share experiences in the context of climate change.

Indonesia, she said, made it an important issue considering nearly 60 percent of the world’s coral reefs is in the waters of the country. "This creates value for the world, meaning that if something happens with coral in Indonesia, the world will suffer because of that," said the former one of the World Bank's Managing Director.

The planting of coral reefs in Nusa Dua was the beginning of the annual meeting of the IMF and World Bank in Bali which was also carried out by the Coordinating Minister for Maritime Affairs Luhut Binsar Panjaitan, IMF Managing Director Christine Lagarde, and BI Governor Perry Warjiyo.

The presence of Christine Lagarde who participated in planting coral reefs, continued Sri Mulyani, is expected to be a "spokesperson" for the world that Indonesia has the world's largest coral reef.

"We can contribute to protection like this coral reef which we hope will continue to grow," said Christine Lagarde. The annual meeting of the IMF and World Bank will be attended by around 34 thousand people from 189 countries ranging from finance ministers, central bank governors, investors, and 23 heads of state. (Ant)

News Comment

Today's Industry

NORD-DuoDrive.jpg: The innovative and patented DuoDrive geared motor reaches outstanding system efficiency Image: NORD DRIVESYSTEMS

Selasa, 17 Mei 2022 - 14:00 WIB

NORD DRIVESYSTEMS at LogiMAT in Stuttgart From 31st May to 2nd June 2022 NORD will present innovative drive solutions for intralogistics

The specialist LogiMAT exhibition in Stuttgart offers as comprehensive overview of the intralogistics and process management market. As one of the market leaders for drive technology, NORD presents…

President Jokowi attends the meeting between ASEAN leaders and American entrepreneurs at Intercontinental the Willard Hotel, Washington DC, Thursday (05/12). Photo by: Laily Rachev

Selasa, 17 Mei 2022 - 13:00 WIB

President Jokowi Invites US CEOs to Boost Cooperation with Indonesia

President Joko “Jokowi” Widodo has invited company CEOs in the United States to boost cooperation with ASEAN countries, particularly Indonesia.

President Jokowi, President Biden, and ASEAN Leaders on a group photo prior to the dinner, at the White House, Washington D.C., Thursday (05/12)

Selasa, 17 Mei 2022 - 12:28 WIB

President Jokowi, ASEAN Leaders Attend Dinner Hosted by US President

President Joko “Jokowi” Widodo Thursday (05/12) attended a dinner with the leaders of ASEAN countries hosted by President of the United States Joe Biden at the White House, Washington D.C.

(Photo: © 2022 KRAIBURG TPE)

Selasa, 17 Mei 2022 - 11:23 WIB

TPE unleashes benefits for pet accessories

The pet care market is rapidly expanding as pet ownership increases, as does spending on pet food, grooming tools, and accessories. Pet owners are significantly concerned about the prevalence…

Sergey Sedov, Founder and CEO of Robocash Group

Jumat, 13 Mei 2022 - 16:15 WIB

Robocash Group reached 2 BN USD of disbursement and issued audited financial report of 2021

Robocash Group publishes the audited combined financial statements for the year ended 31 December 2021. The Group reached an all-time high 2 BN USD of issued financing and is expected to increase…