Jakarta. Indonesia should consider urging the BRICS to let its newcomers borrow money from the alliance’s lender New Development Bank or NDB, according to an analyst.
The BRICS grouping originally brought together Brazil, Russia, Indonesia, China, and South Africa. Last year, BRICS expanded with the entry of Egypt, Ethiopia, Iran, and the United Arab Emirates (UAE). Just last week, BRICS welcomed Indonesia as its tenth member.
The alliance, which took shape as a counterweight to Western influence, has its own multilateral development bank NDB. This lender has approved $32.8 billion in funding, all of which is going to the BRICS’ original five…