Jakarta, April 21 -- Finance Minister Purbaya Yudhi Sadewa rejected loan offers from the International Monetary Fund (IMF) and the World Bank, assessing that Indonesia's fiscal condition remains relatively strong.

In a press briefing here on Tuesday, Purbaya explained that the IMF and World Bank have prepared US$20 billion-US$30 billion to assist countries in need of support amid global uncertainty, particularly due to the Middle East conflict.

"I told them that I do not need them (loans) right now, because we have a reserve of almost US$25 billion," Purbaya said, following the IMF-World Bank Spring Meetings he attended in Washington last week.

Expressing his appreciation for the offers, he assured that the current State Budget is stil...