Jakarta, April 24 -- Indonesia's fiscal position remains stable despite global economic volatility and energy market disruptions linked to Middle East tensions, its Finance Minister Purbaya Yudhi Sadewa said on April 24.
Speaking at a press conference in Jakarta, he noted that the Indonesian Government maintains financial reserves of around 27 billion USD, allowing the country to withstand external shocks without relying on new international borrowings in the short term. His remarks came amid reports that Indonesia had declined large-scale credit offers from the International Monetary Fund and the World Bank. He said that with current resources, the country is well-positioned to manage external shocks without additional debt, and stressed ...