Why everyone is traveling to Indonesia in 2018

Indonesia will host the IMF/World Bank annual meetings in Bali, Indonesia in 2018. This is unarguably the biggest gathering of both policy makers and policy influencers anywhere in the world.It brings together, 189 Finance Ministers, 181 Central Bank Governors, heads of bilateral and multilateral development agencies from around the world.It is the largest financial, economic cum development gathering on planet earth, thus a big stuff for any host country.

I remember being in Prague, Czech Republic in 2000, UAE in 2003, Singapore in 2006, Istanbul in 2009, Tokyo in 2012, and Lima, Peru in 2015. Each nation took it as a national assignment of utmost importance.

My job is knowing what inspires governments to invite over 15,000 high networth delegates to their country.

That was why I searched out Dr. Peter Jacobs of the Indonesian Central Bank who doubles as Head of Task Force, Bali 2018 Organising Committee in Washington D.C.

I wanted to know the reasons behind Indonesia’s quest to host the world, what is there to showcase, what values are derivable for them, why Bali and not Jakarta, what is the security situation, and what would be the take away from that event?

Too many questions you would say. I was trained to ask questions. From my interactions with Asians, I discover something about timing and numbers. They love to commemorate an event with an event to fell on certain day, month, or year.

Remember China insisting that the 2008 Beijing Olympics must kick off on the 8th seconds, 8th minutes, 8th hour, the 8 day of the 8th month of the year 2008. The number 8 is regarded as a lucky number in Chinese culture. It has similar pronunciation with Fa, meaning wealth or fortune, the Chinese hold it dear.

For the Indonesians, 2018 marks 20 years since the Asian Tigers were brought to their knees through a devastating financial crisis that crushed their economies. (A crisis we know those behind it)

But Indonesia want to tell the world that like the legendary phoenix, they have risen from the ashes. Today, they have grown far bigger than they were in 1998. They are marketing Economic Resilience. Policy Reforms and verifiable results.

A highly resilient economy with a real GDP growth projected to increase from 5.0 percent in 2016 to 5.2 percent this year, and further strengthen to 5.3 percent in 2018. A very stable currency, things are looking forward for them.

Dr. Jacobs painted a picture of a forward looking, upward thinking, visionary government that is not confused about where and what it want to achieve in the short run, medium term, and long run. A government that understands the power of story telling and positive projection of its people and country.

Countries take the drivers seat in directing the plot of telling their own story.

Controlling the flow of the narrative to suit an expected end. They do not leave it to the grace of God or sit down to whine and cry about negative representation by outsiders. What do I know sef?!

You can read the entire interview here: Indonesia is ready for the world —Peter Jacobs. http://annualmeetingsdaily.com/?p=1762

Article written by Kelechi Deca


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