IMF, World Bank to hold 2018 annual meetings in Bali.

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.

About IMF --The International Monetary Fund (IMF) is an international organization headquartered in Washington, DC, of "188 countries working to foster global monetary cooperation, secure financial stability, facilitate international trade, promote high employment and sustainable economic growth, and reduce poverty around the world".  Formed in 1944 at the Bretton Woods Conference, it came into formal existence in 1945 with 29 member countries and the goal of reconstructing the international payment system. Countries contribute funds to a pool through a quota system from which countries with payment imbalances can borrow.

About Worlds Bank--The World Bank is an international financial institution that provides loans  to developing countries for capital programs. It comprises two institutions: the International Bank for Reconstruction and Development (IBRD) and the International Development Association (IDA). The World Bank is a component of the World Bank Group, and a member of the United Nations Development Group . The International Bank for Reconstruction and Development (IBRD) has 188 member countries, while the International Development Association (IDA) has 172 members. Each member state of IBRD should be also a member of the International Monetary Fund (IMF) and only members of IBRD are allowed to join other institutions within the Bank (such as IDA)