Indonesia Joins BRICS as a Full Member

 Published On: January 8, 2025 | Author: ExamGuruAdda Team

Indonesia Joins BRICS as a Full Member

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Brasilia, Brazil:

• Milestone Announcement: Indonesia has officially joined BRICS, the influential bloc of developing economies.
• Approval Details: The decision to include Indonesia was made at the 2023 Johannesburg summit, confirmed by Brazil, which will hold the rotating presidency of BRICS in 2025.

Significance of BRICS:

• Initially founded in 2009 with Brazil, Russia, India, and China as members; South Africa joined in 2010.
• Recent expansions have included countries like Iran, Egypt, Ethiopia, and the UAE (2023).

Indonesia’s Role and Goals:

• Indonesia, Southeast Asia’s most populous nation, aligns with BRICS' vision of reforming global governance and enhancing cooperation within the Global South.
• The focus is on creating alternative global trade systems, including developing new payment mechanisms to ease trade among members.

Brazil’s 2025 Vision:

• Under the leadership of President Luiz Inácio Lula da Silva, Brazil aims to promote solidarity among Global South nations and push for reforms in multilateral institutions.