Attending the IMF-World Bank Annual Meetings, the KSBSI President hopes for Climate Finance to Protect Workers

Bangkok – KSBSI President Elly Rosita Silaban attended the 2026 Annual Meetings of the International Monetary Fund (IMF) and the World Bank Group, held in Bangkok, Thailand, from Monday, October 12 to Sunday, October 18, 2026.

The meeting was held at the Queen Sirikit National Convention Center (QSNCC) in Bangkok. This was the second time Bangkok hosted the event, having previously hosted it in 1991.

The main themes of the agenda were “Mobilizing private capital for job creation and infrastructure development, artificial intelligence (AI) and development, global financial stability, and debt sustainability.”

“On this occasion, I will discuss how the World Bank and the Asian Development Bank are channeling climate finance in Indonesia. Does this funding truly support a just transition, including protecting workers, creating decent jobs, and ensuring that no worker is left behind,” said Elly.

It is known that the Indonesian Workers’ Social Security Agency (KSBSI) was one of the representatives from labor unions present at the forum. Interestingly, Elly was appointed as a panelist at the annual meeting of the International Monetary Fund and World Bank Group (IMF and WBG) with the topic “The World Bank and a Just Transition in an Era of Disruption.”

At the forum, Elly welcomed the World Bank’s recognition that industrial policy can drive development, including nickel downstreaming in Indonesia. However, its approach still largely focuses on productivity, private investment, and environmental compliance, while labor rights, social dialogue, and democratic accountability are largely lacking.

“If Indonesia wants to be a model for industrial policy, workers must be part of that model,” emphasized Elly Rosita Silaban.

The International Monetary Fund (IMF) Annual Meeting was attended by Central Bank Governors, Ministers of Finance and Development, private sector leaders, civil society representatives, including labor unions, and academics.