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Indonesia declines IMF loan, cites strong fiscal position
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. [...]