The Annual Meetings of International Monetary Fund & World Bank Group (IMF-WBG) are conducted annually in October (during autumn) to discuss the work of their respective institutions. In addition to a plenary meeting of the Boards of Governors, the Development Committee (DC) and the International Monetary and Financial Committee (IMFC) are convened as part of the Annual Meetings. The DC and IMFC advise the Boards of Governors on global financial and economic development issues, including global economic outlook, poverty eradication, and aid effectiveness.
Around these meetings, the IMF and WBG organize a number of fora to facilitate the interaction of governments and IMF-WBG staff with civil society organizations, journalists, private sector executives, academics and representatives of other international organizations. The Annual Meetings also provide opportunities to foster dialogue with the public through live-streamed events and online conversations via World Bank Live, Twitter, and other platforms broadcast all over the world.
Around 12,000 up to 15,000 people attend the Annual Meetings, including about 3,500 delegates from 189 member countries, roughly 1,000 media representatives, and more than 5,000 participants representing the private sector, the banking community, academic institutions, civil society organizations, and also observers and parliamentarians.
Indonesia is Appointed as Host Country of 2018 Annual Meeting
Indonesia has been appointed as host country of IMF-WBG 2018 Annual Meetings through the following stages which have been undertaken since 2014:
- Expression of interest and submission of proposal (September 2014).
- Site evaluation by IMF-WBG Meeting Team Secretariat (December 2014).
- Indonesia was appointed as host country (October 2015).
- The signing of Agreement for the 2018 Annual Meetings of the Boards of Governors of IMF and WBG on October 10, 2015 which officially marked that Indonesia has been appointed as the host country of the event in Nusa Dua, Bali.