Indonesia has change into a full-fledged member of the group, the its present rotating chair nation, Brazil, has introduced
Indonesia has formally joined BRICS as a full member, Brazil, which presently holds the group’s rotating presidency, introduced on Monday.
BRICS was based in 2009 by Brazil, Russia, India and China, with South Africa becoming a member of two years later. Though the group was initially envisioned as a platform for mutual investments and ensuing monetary stability, it later advanced right into a discussion board with a broader agenda, together with safety issues.
Indonesia’s candidacy was endorsed by BRICS leaders again in 2023, but the world’s fourth-most populous nation of over 270 million opted to hitch the group solely after the formation of its new authorities final yr.
“Indonesia shares with the opposite members of the group help for the reform of worldwide governance establishments, and contributes positively to the deepening of cooperation within the International South,” the Brazilian authorities mentioned in an announcement.
“With the biggest inhabitants and financial system in Southeast Asia, Indonesia shares with different members a dedication to reforming international governance establishments and contributes positively to deepening South-South cooperation,” it added.
Final yr, the group was expanded to incorporate Iran, Egypt, Ethiopia and the United Arab Emirates as full-fledged members. Such nations as Belarus, Bolivia, Kazakhstan, Thailand, Cuba, Uganda, Malaysia, and Uzbekistan had been named amongst these anticipated to formally change into BRICS associate states this yr.
Greater than two dozen different international locations have additionally proven curiosity in cooperating with BRICS, based on senior Russian officers. Moscow held the group’s rotating presidency in 2024.
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