IMF, World Bank to hold 2018 annual meetings in Bali

[WASHINGTON] The International Monetary Fund and the World Bank said Tuesday they would hold their 2018 annual meetings on the Indonesian island of Bali.

The meetings, usually held every three years outside Washington where the sibling 188-nation institutions are headquartered, will take place in Nusa Dua in October 2018, the IMF and World Bank said in a joint statement.

The 2015 annual meetings are scheduled for October 9-11 in Lima, Peru.

"I would like to thank the government of Indonesia and people for hosting the 2018 Annual Meetings," Christine Lagarde, the managing director of the IMF, said in the statement.

"This will be a great opportunity to showcase Indonesia's impressive economic and social achievements, as well as the culture, beauty, and vitality of the country."

AFP