Jakarta. Indonesia has to put a sum of money in the BRICS-backed New Development Bank or NDB if it wishes to become a member, according to a senior minister. President Prabowo Subianto recently unveiled his intentions for Indonesia to secure a seat at the NDB. The announcement came about three months after Indonesia officially joined … Read more
ndonesia has decided to come on board the BRICS-sponsored multilateral development bank, which President Prabowo Subianto believes could help the country expedite its economic development. The decision came after Prabowo held a meeting with New Development Bank (NDB) president Dilma Vana Rousseff at the State Palace in Jakarta on Tuesday, in which the two talked … Read more
Indonesia Joins New Development Bank, Addresses dedollarization Indonesia’s ties with the BRICS economic bloc are strengthening as it joins the New Development Bank. March 25, 2025 JAKARTA – Indonesia has declared its membership in the New Development Bank (NDB), a development bank established by the BRICS group of nations. BRICS is comprised of Brazil, Russia, … Read more
Archyde Indonesia Calls for BRICS to Broaden NDB Funding Opportunities for New Members Table of Contents 1. Indonesia Calls for BRICS to Broaden NDB Funding Opportunities for New Members 2. Challenges for New Members 3. NDB’s Current Projects 4. What’s Next for BRICS and the NDB? 5. What is Indonesia’s Outlook on the Need for … Read more
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). … Read more