Government of Indonesia and Bank Indonesia Must Optimize IMF Annual Meeting in Bali

Jakarta – IMF-World Bank Annual Meeting that will be held in Nusa Dua, Bali, in October 2018 must provide an added value to Indonesia.

Few economic expert hope that the Government and Bank Indonesia to enact a good part on that meeting. Either for the for the developing country’s interest or national interest in the global economic society.

It came forward on a discussion titled “Measuring Indonesia’s readiness performing the IMF-World bank Annual Meeting 2018” that held by Digital Media Research Center in Metro TV building, Kedoya, Jakarta, Monday, 12 March 2018.

Economic expert Firmanzah stated that, many theme could be voiced in that international meeting, such as UMKM (micro, small, and medium businesses empowerment) sector in the economy, monetary inclusion, synergy of new technology with conventional economy, infrastructure development, and also Islamic economy and finance as an alternative conventional economic balancer.

“The world community surely hopes for Indonesia’s centrality to fill and to color those themes. I guess we have a considerable opportunity,” he said.

This Rector of Paramadina University also expressed the importance of the role of women in developing, equity aspect, and how to find a solution regarding the world’s inequality in the present. Not only that, the green economy and blue economy issues also becomes an interesting issue to be delivered at the Annual Meeting in Bali later on.

Similar things also conveyed by academician Tony Prasetiantono. He thought, the forum will be very useful to Indonesia. And therefore that moment must be utilized as much as possible to boost the tourism, foreign investment and trade sector.

On the other side, the government must prove to the IMF that Indonesia is able to grow well. The reason is that international financial institution once made a mistake to Indonesia in the financial crisis back in 1998.

“The People of Indonesia was wrongly managed in the time of crisis, It’s impossible for us to get out of the IMF. Doesn’t make sense, we actually gain this trust as a recognition of IMF’s biggest mistake to mistreat us, it’s not possible for a country like this to be a host,” he stressed.

At least 20 thousand delegates will attend and enliven the IMF-World Bank Annual Meeting in Bali later on 8-14 October. They who will be present are Central Bank Governors and Finance Ministers from 189 country, private sector, NGOs, academician and the media.

While 189 IMF member countries include Indonesia, US, UK, EU, Egypt, India, Pakistan, Japan, South Korea, China, Australia, Lebanon, Turkey, Somalia, Ivory Coast, Cameroon, Kenya, UAE, Jordan, Israel, Mongolia, Vanuatu, and others.

Minister of Finance Sri Mulyani on another ocassion stated that, at least there will be 3000 thousand meetings in that moment. Those meetings consist of a few agenda that covers IMF-WB Plenary Session, International Monetary and Financial Committee (IMFC) Meeting, World BankDevelopment Committee, other Economy Cooperation Group (G-20, G-24, MENA, Commonwealth, BRICS, IIF,WEF), othe Bank and Real sector meetings, seminars and international conference and also press conferences.