Indonesia assigns $1.3 billion to BRICS-led New Development Bank

Source: The Straits Times | Original Published At: 2025-12-02 05:21:00 UTC

Key Points

• Indonesia will contribute $1.3 billion to the BRICS New Development Bank to fund sustainable development projects.
• The country formally joined BRICS in 2025 to access alternative markets amid US trade tensions.
• President Prabowo Subianto has prioritized non-aligned foreign policy and enhanced BRICS engagement.
• Indonesia joins existing BRICS members (Brazil, Russia, India, China, South Africa) and newer members (Egypt, UAE) in the NDB framework.
• The NDB's capital structure shows BRICS founding members hold 94% of subscribed shares.