Jakarta, April 15 -- Indonesia's Finance Minister Purbaya Yudhi Sadewa said the World Bank and global rating agencies have endorsed the country's fiscal strategy under President Prabowo Subianto following meetings in Washington, D.C.

Purbaya said the positive assessment came after a series of international engagements, including talks with senior World Bank officials and representatives from rating agencies such as S&P Global Ratings.

"The World Bank and rating agencies were very satisfied with our explanation. Doubts about our ability to maintain sound fiscal policy while achieving strong growth appear to have diminished," he said in a statement on Wednesday.

He added that the World Bank expressed interest in deepening cooperation wit...