An estimated 15,000 to 18,000 delegates are expected to attend the annual IMF-World Bank Meeting, scheduled for October in Nusa Dua, comprising of Central Bank Governors from member countries, Finance Ministers, business executives, civil society representatives, the world's media, and academics from around the world.

Wonderful Indonesia, however suggest Bali's magnetic pull could drive this number to as high as 20,000 people.

The Jakarta Post recently reported that the meeting would address a variety of global economic issues, specifically sluggish global recovery from crisis, the increasing domination of China and the concern of world leaders on the impact of globalization and global integration.

Causa Iman Karana, Head of Bank Indonesia (BI) Bali told Detik in a recent interview that the amount of money being turned over as a result of the meeting could be as high as IDR 5.7 trillion (around USD 400 million.)

Karana broke this down into the key sectors of accommodation, transportation, consumption, infrastructure and employment. 

Accommodation figures he said, were being based on average room rates of IDR 5 million per night for a 5-night stay and could reach IDR 666 billion.

Airline tickets are estimated to reach IDR 36 billion, vehicle rentals IDR 38 billion, while entertainment, meals and souvenirs would add an additional IDR 146 billion.

In preparation for the event a number of important infrastructure projects are also being undertaken including a new apron at the Ngurah Rai International Airport at a cost of IDR 1.34 trillion; a new underpass at the entrance to the airport for IDR 289 billion; the completion of the what is slated to become the world's largest statue at GWK in Jimbaran costing IDR 450 billion and the new Benoa Tourism Port at IDR 1.7 trillion.

In addition, the event organizers are also looking at a significant amount of money (around IDR 1.1 trillion) for their services.

Four other destinations have also been selected to receive IMF-World Bank delegates; Jakarta, Lombok, Labuan Bajo and Borobodur in Central Java.  Additional tours are being arranged to visit Lake Toba in North Sumatra and to Tanah Toraja in South Sulawesi.

Sources: Detik, Wonderful Indonesia, The Jakarta Post

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