Nusa Dua, Bali, Indonesia – October 11, 2018

1. Wide Indonesian President Joko Widodo arriving and greeting IMF and World Bank officials
2. Mid Widodo shaking hands with IMF Managing Director Christine Lagarde
3. Wide officials taking seats
4. Close Lagarde and Widodo chatting
5. Pan audience
6. Wide Widodo speaking
7.. SOUNDBITE: (English) Joko Widodo, Indonesian President
“Similar to the original internet boom of 25 years ago, we should not trust to regulate these new innovations, but should allow innovation and experimentation to flourish first. That means we should once again approach this big wave of innovation with light touch regulation. And, we should provide safe harbor to those inventors and entrepreneurs.”
8. Wide audience clapping
9. Mid IMF and World Bank officials posing for photo with Widodo
10. Mid audience
11. Wide panel forum on Fintech
12. SOUNDBITE: (English) Christine Lagarde, Managing Director of the International Monetary Fund
“If there is no international cooperation, if there is no adherence to those Bali Agenda key elements, then there is a risk that somewhere, somehow, the regulatory environment will be conducive to an abuse of the system. And will the leak through which unwanted, unnecessary business is being conducted. So, my critical point here is it is not prescriptive. It is not a light or heavy, but it’s a very strong agenda for all countries to actually look at each principle and ask themselves, ‘Am I addressing this issue.’”
13. Close member of audience
14. SOUNDBITE: (English) Mark Carney, Chair, Financial Stability Board
“It’s also financial inclusion for micro, small, and medium-size enterprises. The same quality of access to finance service as large multinational corporations. Something we don’t have in any of our economies today.”
15. Mid audience
16. Wide end of forum