The International Monetary Fund (IMF) and the World Bank (WB) will hold their annual meeting in Bali from 9th-14th October 2018.
Around 15,000 delegates representing 189 countries are expected to travel to Bali for the meeting. In addition, some 1,500 journalists from a number of media outlets are expected to cover the meeting.
The conference sets out to advance national economies. Even by its very presence in locations such as Bali, the event is known to have a positive effect on local economies and businesses.
Bali is expected to receive a windfall of around US$90 million as a result of the event, with officials calculating that room revenues alone will constitute a boon for the island’s tourism sector. A total of 13,500 rooms are expected to be booked by conference delegates.
Panorama Destination will play a prominent role in providing accommodation, activities and facilities for delegates of the conference.
In preparation for World Banker’s Conference 2018, several major infrastructure projects have already begun in Bali. The head of the Indonesian Tourism Association for Bali (GIPI-Bali), Ida Bagus Agung Partha Adnyana, reports that the Central Government has committed Rp. 1 trillion for infrastructure improvement prior to the IMF-WB meeting.