PT Geo Dipa to support upcoming IMF-World Bank Annual Meeting in Bali/ Indonesia

President Director of Geo Dipa Riki Ibrahim (left) and Coordinating Minister for Maritime Affairs Luhut B. Panjaitan (right) (source: Bisnes)
Alexander Richter 19 Sep 2018

Geothermal company PT Geo Dipa has announced support of the upcoming International Monetary Fund - World Bank Annual Meeting in Bali in October. This brings the hope that participants will learn about the role of geothermal energy for Indonesia.

The upcoming Annual Meetings of the International Monetary Fund (IMF) -World Bank in Nusa Dua, Bali/ Indonesia will be supported by PT Geo Dipa, as well as other Indonesian firms. With the support of a geothermal company, there certainly is hope that the participants will learn about the role geothermal energy plays in Indonesia to reach set renewable energy targets that are supported e.g. by the World Bank.

“This is an Indonesian event to present Indonesia’s achievements in reform and democracy, to the post-crisis national economic progress in 1997-1998, we support it,” said Managing Director Geo Dipa Riki Ibrahim in Jakarta on Tuesday.

According to Riki, support is not only from Geo Dipa. A number of other SOEs also supported this activity, including the Indonesian Export Financing Agency (LPEI), PT Sarana Multi Infrastruktur (SMI), PT Sarana Multigriya Finansial (SMF), Indonesia Infrastructure Guarantee Corporation (PII), and PT Indonesia Infrastructure Finance (IIF) .

The meeting, which will be held from 8 October 2018 to 14 October 2018, will be attended by more than 15,000 people consisting of parliamentarians, state officials, international observers, academics, journalists and international institutions.

The week-long meeting will also present all finance ministers and central bank governors from 189 countries, 5,000 investors in the financial industry, and 500 non-governmental organizations.

“This is the largest economic meeting in the world that will greatly benefit Indonesia because it will bring millions of dollars to state revenues through hospitality, food, tourism and transportation,” said Riki.

In addition, according to Riki, the week-long meeting will attract many foreign investors to invest domestically.

“Therefore, Indonesia can show its progress as the country with the largest economy in Southeast Asia and offer benefits to the world when investing in Indonesia,” he said as quoted by

According to Riki, this economic meeting must be an important momentum to accelerate Indonesia’s progress.

Previously, the Coordinating Minister for Maritime Affairs Luhut B. Panjaitan said that the holding of 3,000 meetings at the 2018 Annual Meeting required tremendous hard work from all lines, considering that it would be flooded with 15,000 to 17,000 guests consisting of 1,500 from IMF-World Bank, official delegations reaching 3,000-4,000 people, and other participants including the participant’s family.

“This event will be the center of attention throughout the world. This is the right time to present Indonesia, not only as a host but also in explaining development progress and aspects of tourism,” explained Luhut.

The 2018 MWM-WB meeting series has a very strategic and prestigious meaning. Indonesia will be the center of world attention, because of the importance of the global economy.