World Bank Group Timeline
First tourism sector funding for Indonesia approved
While attracting relatively little foreign tourism prior to 1967, in the years between 1967 and 1973 Indonesia experienced rapid growth in the sector. During this six-year period the number of visitors to the country increased by more than 50% annually, reaching an estimated 300,000 visitors by 1973. The Bali Tourism Project, a $16 million IDA credit, will provide infrastructure for a new tourism estate to be developed at Nusa Dua on the island of Bali. Specifically, the project will fund new roads facilitating access to the estate, training facilities for hotel staff, and other facilities and services. The new tourism estate is expected to attract private investors that are prepared to build hotels and other tourism facilities in the area.
Resource Gallery
Interview with Richard Demuth
Interview date: March 19, 1984
Demuth describes how World Bank Group President George Woods initiated funding in the tourism sector in the 1960s on page 4 of the transcript.
Signing of first tourism sector loan
June 14, 1974
Among those present at the signing are Abdul Habir, Charge d'Affaires, Embassy of Indonesia (center) and Country Programs Director, Asia Region, Raymond J. Goodman (second from right; 1724225; Credit: The World Bank).
Terms of Reference for appraisal mission
June 12, 1973
The appraisal team is instructed to "carefully examine the physical planning, engineering, environmental, economic, financial, training, social, marketing, and organizational aspects" of the project (30166809).
Press release -- Indonesia is lent70.5 million for railways, tourism, and fisheries
June 6, 1974
The press release describes how the project will minimize adverse effects of increased tourism by concentrating development on the sparsely populated Bukit peninsula (30166810).
Correspondence from Singapore Finance Minister Goh Keng Swee to World Bank Group
May 30, 1968
Singapore's Finance Minister expresses his interest in investing in Indonesia's tourism sector; a note on the topic authored by the minister accompanies the letter (1787233).
Bali Tourism Project: Amendment of Project Design
Document date: Nov. 10, 1978
The paper outlines hotel investment issues and recommended changes to the project design.
Correspondence regarding Bali tourism project
July 30, 1971
The letter to the Bank Group's Operations Vice President describes a consultant's report on the tourism potential of Bali as well as other topics related to a potential Bali tourism loan (1787234).
Bali Tourism Project: Staff Appraisal Report
Document date: May 15, 1974
The report covers Indonesia's tourism sector, offers justification for the project, and provides a detailed description of the project.
Bali Tourism Project
P003738: Approved May 4, 1974
The project profile contains an overview of the project and a list of project documents and archival record folders (including links to digitized records where available) related to the project.
