On Tuesday, foreign tourists observe paintings while visiting the Kuta Art Market in Badung, Bali. The Ministry of National Development Planning/National Development Planning Agency (PPN/Bappenas) emphasizes that the High-Level Forum on Multi-Stakeholder Partnership (HLF MSP) 2024, which is held on 1—3 September 2024, will create a beneficial multiplier effect on the local economy of Bali, due to the large number of both local and international participants attending the event. (Photo: ANTARA FOTO/Nyoman Hendra Wibowo/aww).

Badung, 1 September 2024—The High-Level Forum on Multi-Stakeholder Partnerships (HLF MSP) 2024 from 1 to 3 September 2024 in Bali is projected to create a significant multiplier effect on the local economy. This forum is expected to boost Bali’s economic growth, particularly in the accommodation, food and beverage, tourism, and trade sectors.

This statement was made by the Deputy for Politics, Law, Defense, and Security Affairs at the National Development Planning Ministry/National Development Planning Agency’s (PPN/Bappenas) Bogat Widyatmoko on Sunday, 1 September in Nusa Dua, Bali.

"This event will have a positive impact on both the micro and macroeconomic levels in Bali. The increased number of domestic and international visitors during the 2024 HLF MSP will drive local economic growth by increasing demand for accommodation, food and beverage, transportation services, and tourist destinations," he said.

Around 1,275 participants from 26 countries will attend the event. This number includes 786 government representatives, 102 from international organizations, 107 from non-governmental organizations, 128 from the private sector, eight philanthropy organizations, nine think tank institutions, 56 academic communities, 9 multilateral banks, and 70 security officers.

Deputy for Politics, Law, Defense, and Security Affairs at the Ministry of National Development Planning/National Development Planning Agency (PPN/Bappenas) Bogat Widyatmoko stated on Sunday, 1 September 2024 that the implementation of the 2024 High-Level Forum on Multi-Stakeholder Partnerships (HLF MSP), which is held from 1—3 September 2024 in Bali, is projected to create a significant multiplier effect on the local economy of Bali. (Bappenas/Elvira)

"The macro effects of this forum will be reflected in the potential for multi-stakeholder partnerships that can strengthen Indonesia's economic modality in the future. The networks established between domestic and global economic players are expected to grow closer, allowing for more intensive economic collaboration in the future," Deputy Bogat added.

The 2024 HLF MSP will also serve as a strategic platform for discussing transformative collaborations to address global challenges, such as development gaps, through a multi-stakeholder partnership approach.

The forum is expected to bring together various stakeholders from the government and non-government sectors to find solutions and collective actions to face global challenges.

As part of the commemoration of the 69^th anniversary of the 1955 Asia-Africa Conference, the 2024 HLF MSP provides an opportunity for Indonesia to promote various strategic areas such as in the economy, social, and environmental sectors, in line with the 2025 Indonesia's Golden Vision and the National Long-Term Development Plan (RPJPN) 2025—2045. This forum will benefit Bali economically while also strengthening Indonesia's standing in broader international cooperation.

"We want to encourage all stakeholders to participate in this forum so that the results of the 2024 HLF MSP can have a long-term impact on development and shared prosperity," Deputy Bogat concluded. (Bappenas/TR/Elvira Inda Sari/SW/SC).

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For more information, please contact:

Head of the Public Relations, Archives, and Executive Administration Bureau at the Ministry of National Development Planning (PPN/Bappenas), Ardian Budhi Nugroho (082124150454).