Question
What is the primary objective of Indonesia joining the
BRICS’ New Development Bank?Solution
• Indonesia is set to join the New Development Bank (NDB), a multilateral financial institution established by BRICS countries.
• The announcement was made during the visit of former Brazilian President Dilma Rousseff.
• Indonesian President Prabowo Subianto emphasized that the move will accelerate Indonesia’s economic transformation.
• BRICS currently includes Brazil, Russia, India, China, and South Africa, with Egypt, Ethiopia, Iran, and the UAE as additional members.
• Indonesia’s entry into NDB is expected to strengthen its global financial engagement and support infrastructure development.
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