Indonesia joins BRICS New Development Bank with $1 billion contribution

Source: Metrópoles | Original Published At: 2025-12-05 20:27:20 UTC

Key Points

• Indonesia invested $1 billion in the BRICS New Development Bank (NDB) as its first capital contribution after joining the institution.
• The move strengthens Indonesia's role in Global South cooperation and expands its access to emerging market partnerships.
• Indonesia officially became a BRICS member in January 2025 after submitting its application during Russia's 2024 BRICS presidency.
• The NDB, established during the 2014 BRICS Fortaleza Summit, funds infrastructure and sustainable development projects in developing countries.