Indonesia offers support to tourism and events

Indonesia, 13th February: The Indonesian government has announced plans to establish the Indonesia Tourism Fund (ITF) to support the promotion of tourism and “nation branding” through sports, concerts, and business events. Initially, nearly US$130 million will be available through the ITF.

The ITF will be funded and managed from the marketing budget of the Ministry of Tourism and Creative Economy (MoTCE). It will also be used to encourage tourism to destinations such as Lake Toba, Borobudur, Mandalika, Labuan Bajo, and Likupang. Beginning in the second half of 2024, the fund will support bids for international major events in Indonesia.