Indonesia will join the BRICS-sponsored multilateral development bank, which President Prabowo Subianto believes could expedite the country’s economic development.
The decision came after Prabowo’s meeting with New Development Bank (NDB) president Dilma Vana Rousseff at the State Palace in Jakarta.
“I have decided to join the New Development Bank and follow its procedures and requests summoned upon us,” Prabowo says in a press statement.
NDB was established in 2015 by the original five BRICS members: Brazil, Russia, India, China, and South Africa.
Southeast Asia’s largest economy, Indonesia, obtained full BRICS membership in January, following its original request to join BRICS in 2023.
Source: The Jakarta Post
