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IMF-WB meetings spending on track

The government has said its expenditure as the host of the annual meetings of the International Monetary Fund (IMF) and World Bank in October remains on track based on its initial budget

Anton Hermansyah and Marguerite Afra Sapiie (The Jakarta Post)
Jakarta
Wed, June 27, 2018

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IMF-WB meetings spending on track

The government has said its expenditure as the host of the annual meetings of the International Monetary Fund (IMF) and World Bank in October remains on track based on its initial budget.

As of June 26, the government has disbursed Rp 500 billion (US$35 million) of the total budget of Rp 855 billion for the upcoming event in Bali, according to its data announced on Tuesday.

Coordinating Maritime Affairs Minister Luhut Pandjaitan said most of the money spent was mainly for supporting infrastructure, such as the construction of an underpass in front of the Ngurah Rai International Airport in Bali. The underpass project cost Rp 200 billion.

“We also used the money to buy around 400 computers for the event. We will donate the computers to schools in Bali, Lombok and Banyuwangi [East Java] [after the event],” he said after a meeting led by President Joko “Jokowi” Widodo at the State Palace in Jakarta on Tuesday.

Luhut, who also chairs the event’s local organizing committee, said part of the funds had been disbursed for the expansion of Ngurah Rai Airport’s apron by 47.9 hectares, adding that the construction progress had reached 38 percent.

“The Ngurah Rai Airport served 22.5 million passengers last year,” he said. “With an increased apron, we aim to serve 27 million passengers this year and 37.5 million by 2024.”

In addition to expanding Ngurah Rai Airport, the government is renovating the Blimbingsari Airport in Banyuwangi, East Java, and building a modern garbage processing facility in Suwung, Denpasar.

“The facility in Suwung is ready. It can also process the garbage to produce electricity,” Luhut said.

The remaining funds in the budget, he said, would be used for additional works, such as strengthening fiber optic networks to support journalists, who would come from around the world for the event.

Luhut confirmed on Tuesday that Jokowi had made a request for an art parade during the annual conference in October, following the President’s visit to the 40th Bali Arts Festival in Denpasar on June 23. The local government agreed with the idea and will allocate Rp 1 billion in the special budget to hold the parade.

The IMF-World Bank annual meetings will be held in Nusa Dua, Bali, from Oct. 8 to 14. It will be attended by 15,000 delegations from 189 countries.

Compared to other countries that had held the same event, Indonesia had allocated a smaller budget, said Finance Minister Sri Mulyani Indrawati previously.

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.

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).

“In principle, [everything] has been prepared, including matters related to security, traffic and early detection for possible actions that may disrupt the event,” Cabinet secretary Pramono Anung said after the meeting, adding that Jokowi had received the latest reports from his aides.

Pramono said Jokowi had also requested that the meetings be held smoothly, considering that Indonesia would already have presidential and vice presidential candidates for the 2019 elections by October. The registration for presidential and vice presidential candidates will be held from Aug. 4 to 10.

As international guests were expected to enjoy Bali’s scenery, Pramono said there would be an inauguration of the Garuda Wisnu Kencana Cultural Park, home to Indonesia’s tallest statue with a height of 75 meters and a width of 65 m. An event will also be held at the site for all the meetings’ delegates.

The statue’s construction began in 1997, but came to a halt following the Asian financial crisis. By 2004, the progress had only reached 20 percent.

In 2013, private property developer PT Alam Sutera Realty invested Rp 2 trillion to take over the Garuda Wisnu Kencana Cultural Park and finish the statue’s construction. As of May 2018, the progress of the statue’s construction had reached 70 percent and it will be completed by August.

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