Indonesia became the tenth full member of the international group of developing economies on Monday.
The announcement was made by , a founding member of the bloc and the holder of the rotating presidency for 2025.
“The Brazilian government welcomes Indonesia’s entry into the BRICS,” it said in a statement.
“With the largest population and economy in Southeast Asia, shares with other members a commitment to reforming global governance institutions and contributes positively to deepening .”
Indonesia’s candidacy was initially endorsed by BRICS leaders in August 2023, according to the Brazilian Foreign Ministry.
But the world’s fourth-most populous nation opted to postpone its formal accession to the bloc until the formation of its newly-elected government.
What is the BRICS group?
The BRICS group is named after its original founder members in 2009: Brazil, , and , plus , which joined a year later.
In 2024, the alliance expanded to include , , and the .
The bloc was conceived as a counterweight to the developed economies, made up of the United States, Canada, the United Kingdom, France, Germany, Italy and Japan.
Prior to Indonesia’s accession, the BRICS accounted for 46% of the world’s population and 35% of global gross domestic product.
Saudi Arabia has been invited to join, but has not yet done so, while , Azerbaijan and Malaysia have formally applied to become members.
The most recent , the 16th such gathering, took place in Kazan, Russia, in October 2024 and was hosted by Russian President .
At the summit, member states discussed strengthening local currencies and boosting non-dollar transactions, attracting criticism from US President-elect Donald Trump who threatened BRICS countries with
This year’s BRICS summit will take place in Rio de Janeiro in July.
mf/zc (AP, AFP, Reuters)
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