April 22, 2026 | 11:58 am
TEMPO.CO, Jakarta - Indonesian Minister of Finance Purbaya Yudhi Sadewa said he received loan offers from the International Monetary Fund (IMF) and World Bank worth US$25-US$30 billion to strengthen the country's fiscal amidst turbulent global economic conditions, but rejected them.
Purbaya said the offer was made during his visit to Washington D.C., United States, a while back.
"I told them I don't need [the loan] for the time being, as [Indonesia] has nearly US$25 billion in reserve. So, we are safe," said Purbaya when met at his office in Central Jakarta on Tuesday, April 21, 2026.
According to Purbaya, the loan was not yet necessary since the State Budget's surplus remained strong. The finance minister mentioned that the Indonesian government still stored about Rp420 trillion (around US$25 billion) in surplus budget balance (SAL).
Purbaya claimed the rejection was met with less-than-favorable responses from the leaders of the two institutions. According to him, the response emerged because the lending institutions would lose potential revenue from debt interest.
He said that the Indonesian government strives to optimize the existing fiscal capacity before deciding to take up financial assistance from foreign parties. Every policy, he said, is designed based on measurable impact calculations, not just estimates.
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