Jakarta, June 26 -- Indonesia declined an International Monetary Fund (IMF) loan offer worth between US$20 billion and US$30 billion after assessing that the country's economic fundamentals remained strong, Finance Ministry officials said.

The financing offer was made to Finance Minister Purbaya Yudhi Sadewa during the IMF-World Bank Spring Meetings in Washington, D.C., on April 13-17.

Acting Director General of Financial Sector Stability and Development at the Finance Ministry Herman Saheruddin said the IMF financing instrument is designed to help countries deal with risks and emergency conditions.

"By nature, the IMF views things from the risk perspective because its main product is financing to address risks," Herman told reporters ...