IMF Director To Participate In High-Level Conference In Indonesia

Jakarta (Antara Bali) - Managing Director of the International Monetary Fund (IMF) Christine Lagarde will visit Indonesia to participate in the Bank Indonesia (BI)-IMF Conference on the Future of Asia in Jakarta on September 1-2.

According to the IMF's press statement received here on Monday, the high-level regional conference in Jakarta on the Future of Asia's Finance: Financing for Development 2015, which is being organized by BI and the IMF, will discuss new financing modalities for the region's dynamic emerging market economies.

Some of the central banks in Asia such as in Cambodia, India, Japan, Laos, and Sri Lanka had confirmed their participation in the conference.

Apart from participating in the conference, Lagarde will also meet President Joko Widodo, Vice President Jusuf Kalla, and senior officials, including BI's Governor Agus Martowardojo, Coordinating Minister of Economic Affairs Darmin Nasution, and Minister of Finance Bambang Brodjonegoro.

The visit will also provide an opportunity to exchange views on recent economic developments, Indonesia's prospects, and its role as an emerging power both in the region and globally.

Lagarde will also meet parliamentarians and representatives of other sections of the society, including women leaders and university students.

In addition, she will have a town hall meeting with university students in the Jakarta area during her stay.

This will be Lagarde's second visit to Indonesia, after her first visit in July 2012.

During the monetary crisis in 1998, Indonesia had even signed a loan agreement with the IMF, which was witnessed by IMF's Executive Director Michael Camdessus. (WDY)