Press Release No. 11/68

Press Release: IMF and the Government of Indonesia to Co-Host High-Level Conference on Capital Flows

March 7, 2011

Bank Indonesia, the International Monetary Fund (IMF), and the Investment Coordinating Board of the Republic of Indonesia (BKPM) will jointly hold a high-level conference entitled “Coping with Asia’s Large Capital Inflows in a Multi-Speed Global Economy” in Bali, Indonesia on March 11, 2011.

The one-day conference, which will bring together leading academics, investors, and policy makers from Asia and other large emerging market countries, is designed to provide an opportunity for discussion of recent developments in capital flows and practices for effectively managing such inflows. It will also enable policymakers from different parts of the world to interact and share their experiences in managing capital flows. The conference will be opened by Bank Indonesia Governor, Darmin Nasution, and IMF Director of Asia and Pacific Department, Anoop Singh.

The conference themes will include:

1. prospects for capital flows to emerging markets in a multi-speed global recovery;
   
   
2. policy responses for harnessing the opportunities provided by capital inflows, while managing the risks;
   
   
3. the challenges of channeling capital flows to long-term investment opportunities that will strengthen growth prospects and help facilitate sustained and balanced global growth.

The conference is part of the strengthened ongoing engagement between the IMF and Asian policymakers following the major IMF-sponsored conference in Daejeon, South Korea, in July 2010, at which the Fund committed to forging a new relationship with the Asia region.