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Indonesia allocates Rp 810b for IMF-World Bank meeting
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A billboard for the International Monetary Fund-World Bank Group annual meeting in Bali in 2018. (Courtesy of/mirajnews.com)
T
he government has allocated Rp 810.17 billion (US$60.12 million) to host the International Monetary Fund-World Bank meeting in Bali, next year.
"We allocated Rp 810.17 billion for the meeting. Rp 672.59 billion will be provided by the Finance Ministry and Rp 137.58 billion will be provided by Bank Indonesia," said Finance Minister Sri Mulyani Indrawati in Jakarta on Wednesday.
She said it was the smallest amount compared to the funds allocated for similar events in other countries.
Read also: Bali airport speeds up extension ahead of IMF-World Bank event
In 2006, Singapore spent Rp 994.4 billion to host the meeting at the Suntec Singapore Convention and Exhibition Centre. Turkey constructed the Rp 1.25 trillion Istanbul Congress Center to host the meeting in 2009.
"Turkey's Rp 1.25 trillion in spending excluded event organizing costs. With both of the costs, it would be more than twice our allocation," she said during a budget meeting with the House of Representatives.
Meanwhile, Japan allocated Rp 1.1 trillion when it hosted the meeting in 2012 while Peru, which hosted it in 2015, allocated Rp 2.29 trillion, including funds for the construction of the Lima Convention Center (LCC).
The IMF-World Bank 2018 annual meeting, scheduled to be held next year from Oct. 8 to 14 in Bali, would use only Indonesian suppliers, she said. (bbn)
