Indonesia Announces BRICS New Development Bank Membership, Eyes Infrastructure Funding

Indonesia on Tuesday, March 25, 2025, announced that it will join the BRICS-backed New Development Bank (NDB), headquartered in Shanghai, and has proposed 77 projects for funding.
Indonesian President Prabowo Subianto welcomes New Development Bank (NDB) President Dilma Vana Rousseff at Merdeka Palace in Jakarta on Tuesday, March 25, 2025. (Photo: BPMI Setpres)

Indonesia on Tuesday announced that it will join the BRICS-backed New Development Bank NDB, headquartered in Shanghai, and has proposed 77 projects for funding.

The move strengthens Jakarta’s financial ties with BRICS economies as the bloc expands its role in global development financing. It deepens Jakarta’s financial engagement with China and the broader BRICS bloc, including Russia, India, and South Africa, at a time of shifting global economic power.

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by Edwin Shri Bimo

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