The annual meeting of the International Monetary Fund (IMF) and the World Bank (WB) began in Bali island, Indonesia, on October 8. (Photo: IMF)
Jakarta (VNA) – The annual meeting of theInternational Monetary Fund (IMF) and the World Bank (WB) began in Bali island,Indonesia, on October 8.
The event brings together central bank leaders, financeministers, business executives, representatives of civil society organisationsand academics of 189 member countries of the IMF and WB. The total number ofparticipants is estimated to reach 34,000.
Leaders of 10 member countries of the Association ofSoutheast Asian Nations (ASEAN) will also hold a summit on the sidelines of theIMF-WB meeting, initiated by the host country.
The meeting will discuss various global economic issues,such as trade imbalance, financial market volatility, inequality, povertyeradication, economic development, aid effectiveness, women empowerment in thework place as well as initiatives to improve trust in the system ofmultilateralism.
It takes place against the backdrop of growinguncertainties in the global economy. The sharp fluctuations in the currenciesof emerging markets in recent days together with the escalation of trade disputes,especially the trade war between the US and China, can further drag down theglobal economic growth if no effective measures are taken to solve theproblems.
Indonesia expects to use this event to not only showcaseits economic achievements as the largest economy in Southeast Asia but alsocall for more foreign investment. Through the meeting, the country also wantsto promote its culture and popular tourist destinations.
The Vietnamese Government appreciates consultations of the World Bank (WB) and the International Monetary Fund (IMF) on the management of the macro-economic policy in Vietnam, helping the country maintain macro-economic stability and low inflation rate, Prime Minister Nguyen Xuan Phuc said.
A training conference on Public Investment Management Assessment (PIMA), which was developed by the International Monetary Fund (IMF), took place in Hanoi on June 26.
The International Monetary Fund (IMF) hopes it would support Vietnam to become a country with higher average income and even high income in the next decade, said Changyong Rhee, Director of the IMF’s Asia and Pacific Department.
Police in Bali island of Indonesia have tightened security against infiltration of terrorists to the island, where the next annual meeting of the International Monetary Fund (IMF) and the World Bank (WB) will take place in October this year.
As many as 30 helicopters will be prepared to evacuate heads of state who will attend the IMF-World Bank meeting from October 8-14, 2018 in case of a tsunami and earthquake.
The tax adjustment supports the Malaysian Government’s strategy to reduce reliance on foreign food supply chains and to assist domestic farmers, a finance official has said.
The proposed venue is located in the Chatuchak area of Bangkok, featuring eight public sites, including Krungthep Aphiwat Central Terminal and several nearby parks.
Connectivity is expected to improve further with the completion of the fifth Laos–Thailand Friendship Bridge by the end of 2025, facilitating logistics and agricultural exports to Vietnam, Thailand, and China.
Two naval gunboats intercepted a fishing vessel carrying 1.5 tonnes of methamphetamine hydrochloride off the coast of the main island of Luzon just before dawn, in a joint operation with the Philippine Drug Enforcement Agency.
In the today context of socio-economic development and growth, the professionalism of Vietnam’s revolutionary journalists continues to rise, guided by exemplary mastery of new information technologies and the modernisation of their founding principles to preserve the enduring values of revolutionary journalism.
Thai Permanent Secretary of the Ministry of Commerce Vuttikrai Leewiraphan Thailand's formal proposal will be substantial enough for the US to consider further detailed negotiations. He hoped for a tariff rate not exceeding 10% and suggested that the US might extend the negotiation period if an agreement is not reached by the July 8 deadline.
Organised by the Ministry of Culture and the Association of Thai Silk & Culture Promotions, the event honors Her Majesty the Queen on her 47th birthday anniversary and promotes Thai craftsmanship on an international stage.
Prensa Latina's recent article on Vietnam’s assurance of smooth and effective transition to a leaner structure highlighted Prime Minister Pham Minh Chinh’s latest directions on implementing 28 resolutions regarding the decentralisation and delegation of authority.
The lab focuses on four key thematic areas: energy transition and green innovation, sustainable agriculture, circular economy and sustainable cities, and nature-based solutions and biodiversity.
The key content of the document titled "Accelerating Innovative Strategies: Addressing the OOSCY Challenges" will be refined further in a seminar preceding the 47th ASEAN Summit in Kuala Lumpur this October.
This follows Telegram’s serious failure to address the content that has been repeatedly reported to them, despite various efforts of negotiation and cooperation made by MCMC, it said.
Efforts to empower women must transcend dialogue and translate into concrete commitments, including corporate pledges and government partnerships, according to the spouse of Malaysian Prime Minister Anwar Ibrahim.
The forum featured two in-depth discussion sessions, engaging representatives from governments, think tanks, and businesses from both ASEAN and China, on how to forge closer ties for a common future.
The new FIFA Hub in Jakarta will not only support football development in Indonesia but also serve as a coordination centre for 21 football associations across Southeast and East Asia.
Minister Counselor Nguyen Hoang Nguyen reaffirmed Vietnam’s principled and consistent stance on the Palestine issue, calling for an immediate and lasting ceasefire across the entire Gaza Strip.
PM Anwar Ibrahim affirmed the determination of Malaysia, as ASEAN Chair for 2025, to utilise all viable regional mechanisms of the bloc and work with partners to de-escalate violence and restore a peace process led by Myanmar.
Talking to the Vietnam News Agency on the occasion of the 100th anniversary of the Vietnam’s Revolutionary Press Day (June 21, 1925–2025), Nikulina, who is also a veteran journalist of Russia’s Sputnik News, emphasised the vital role of mainstream journalism in defending the truth and maintaining public trust.
The Ministry of Commerce reported that imports also rose 18% to 29.9 billion USD during the same period, resulting in a trade surplus of 1.1 billion USD. In May alone, Thailand posted a 4.6 billion USD trade surplus with the US and a 4.1 billion USD trade deficit with China.
The World Bank will provide a 2.1 billion USD financing package for Indonesia, focusing oncreating jobs, stimulating economic growth, and enhancing access to clean energy across the country.
The annual meeting of the International Monetary Fund (IMF) and the World Bank (WB) began in Bali island, Indonesia, on October 8. (Photo: IMF) 
