TEMPO.CO, Jakarta - The International Monetary Fund (IMF)–World Bank Annual Meetings are likely to jack up Bali's economic growth to 6.54 percent.
“By holding the IMF-World Bank annual meetings, Bali’s economic growth is set to increase by 0.64 percent and predictably reach 6.54 percent by the end of 2018,” said Bambang Brodjonegoro, the National Development Planning Agency (Bappenas) head, at the Finance Ministry today.
Bambang said that Bali would only see a 5.9 percent growth without the event, which would be similar to the sluggish 2017 growth following the eruption of Mount Agung, which dropped the number of tourist visits and exports.
Coordinating Minister for Maritime Affairs Luhut Binsar Pandjaitan, meanwhile, said the event’s preparations were 94 percent complete. A number of infrastructure projects have now entered their final stages, including the widening of the local airport's runway and an underpass construction.
Luhut hoped that the IMF-World Bank annual meetings would further promote Indonesia to the world, thus bringing stability to the country's economy.