President Yudhoyono opens micro-credit summit in Bali

President Susilo Bambang Yudhoyono is slated to open an Asia-Pacific regional micro credit summit in the resort island of Bali on Monday (July 28).

The president and entourage including First Lady Ani Yudhoyono and a number of ministers left Halim Perdanakusuma Military Air Base here for Bali by a Garuda special flight on Sunday afternoon.

At 9.30 a.m. on Monday, the president will open the meeting to take place at the Bali International Convention Center in Nusa Dua.

During the opening ceremony, Yudhoyono will be accompanied by Governor of Bank Indonesia (the central bank) Boediono, Director of the Micro Credit Summit Campaign Sam Daley Haris and founder of Bangladesh`s Grameen Bank Muhammad Yunus.

On the occasion, Muhammad Yunus in his capacity as an international micro credit figure will present a token of appreciation to Ani Yudhoyono for her service in the development of micro finance in Indonesia.

After opening the summit, Yudhoyono will receive Muhammad Yunus at the Hotel Intercontinental Bali Resort.

The president and entourage will return to Jakarta at around 3 p.m. on Monday. The summit will later be chaired by Honduras President Jose Manuel Zelaya Rosales.

President Rosales has expressed deep support for the summit, saying support for the micro financial sector laid a fundamental basis for the creation of strong democracy and good governance and was imperative to improve productivity and competitive edge to reduce the poverty rate.

source: Antara | July 2008