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Indonesia is admitted to the BRICS bloc of developing nations, Brazil announces
- The Hindu |
- International Relations |
- 2025-01-07
- BRICS
Indonesia has become a full member of BRICS, a bloc of developing economies, as announced by Brazil, the group's presiding country.
Indonesia Joins BRICS
Brazil announced on January 6, 2025, that Indonesia has become a full member of the BRICS bloc, which is recognized as a counterweight to Western economies.
Background and Context
- The announcement was made during the G20 Leaders' Meeting in Rio de Janeiro, Brazil.
- Brazil holds the rotating presidency of BRICS in 2025.
- Indonesia's membership was approved during the 2023 Johannesburg summit.
Significance of Indonesia's Membership
- Indonesia is the world's fourth-most populous nation.
- It has the largest population and economy in Southeast Asia.
- Indonesia's membership aligns with BRICS' goals of reforming global governance institutions.
- It contributes positively to enhancing South-South cooperation.
BRICS Formation and Expansion
- BRICS was initially formed by Brazil, Russia, India, and China in 2009.
- South Africa joined the bloc in 2010.
- Recent expansions include Iran, Egypt, Ethiopia, and the United Arab Emirates.
- Saudi Arabia has been invited to join, but has not yet committed.
- Other countries like Turkey, Azerbaijan, and Malaysia have applied for membership.