economy and politics

Indonesia joins the BRICS group of emerging economies

Largest exhibition of Egyptian artifacts to open at Shanghai Museum

Indonesia has marked a significant milestone in its international journey by formally joining the group BRICSa coalition of emerging economies that includes powers such as Brazil, Russia, India, China and South Africa. This bloc is known for its focus on providing a counterweight to Western influences in the global arena.

On Monday, Brazil, which currently holds the group’s rotating presidency, announced Indonesia’s addition as a full member. Indonesia’s reaction was immediate: on Tuesday, the country officially expressed its welcome to this decision, celebrating it as a strategic opportunity to expand collaboration and cooperation with other developing nations.

The Ministry of Foreign Affairs in Jakarta issued a statement emphasizing that its accession to the BRICS represents a crucial step towards strengthening international relations based on principles of equality, mutual respect and sustainable development. Furthermore, Indonesia expressed gratitude to Russia, who holds the BRICS presidency in 2024, for its decisive support and leadership in facilitating Indonesia’s integration into the group.

Sri Lanka will not be able to join the BRICS for now, but the accession of its NDB bank is approved

For its part, the Brazilian Ministry of Foreign Affairs highlighted that Indonesia, as the most populous country in Southeast Asia, shares with the other BRICS members the determination to reform global governance institutions. Furthermore, Indonesia is expected to contribute significantly to cooperation within the Global South.

Brazil, which currently holds the rotating presidency of the group, announced the incorporation of Indonesia as a full member

Indonesia’s candidacy was approved during a 2023 BRICS summit in Johannesburg, underscoring recognition and confidence in Indonesia’s ability to join the efforts of this influential bloc. Indonesia’s accession to the BRICS not only raises its international profile, but also opens new avenues for dialogue and cooperation on multiple fronts, from economic to environmental, supporting its vision of equitable and sustainable global development.


Source link