• Investing
  • Stock
  • Editor’s Pick
  • Economy
The Significant Deals
Editor's Pick

Indonesia joins BRICS bloc as full member, Brazil says

by January 7, 2025
written by January 7, 2025

SAO PAULO (Reuters) -Indonesia will formally join BRICS as a full member, Brazil’s government said on Monday, further expanding the group of major emerging economies that also includes Russia, India, China and South Africa.

Indonesia’s foreign ministry said in a statement on Tuesday that it welcomed the announcement and that “BRICS membership is a strategic way to increase collaboration and partnership with other developing nations.”

Indonesia, the world’s fourth most populous nation, had previously expressed its desire to join the group as a means of strengthening emerging countries and furthering the interests of the so-called Global South.

Brazil, which holds the bloc’s presidency in 2025, said in a statement that member states approved Indonesia’s entry by consensus as part of an expansion push initially endorsed at the 2023 BRICS summit in Johannesburg.

The South American nation noted that Jakarta’s bid got the green light from the bloc in 2023 but the Southeast Asian country asked to join following the presidential election held last year. President Prabowo Subianto took office in October.

“Indonesia shares with the other members of the group support for the reform of global governance institutions, and contributes positively to the deepening of cooperation in the Global South,” the Brazilian government said.

The BRICS group also includes Egypt, Ethiopia, Iran and the United Arab Emirates.

This post appeared first on investing.com
0 comment
0
FacebookTwitterPinterestEmail

previous post
US cyber watchdog says no indication breach at Treasury hit other federal agencies
next post
Ukrainian businesses in emerging Europe eye westward expansion

You may also like

China central bank conducts 1.7 trln yuan of...

January 27, 2025

Fuji Media, rocked by sexual misconduct allegations, says...

January 27, 2025

ECB president fears loss of central bank independence

January 27, 2025

European tech shares tumble as China’s AI push...

January 27, 2025

Futures slip as investors eye China’s latest AI...

January 27, 2025

Markets may be repeating the mistake of 2019,...

January 27, 2025

How billionaire Caltagirone could influence Italy’s banking M&A...

January 27, 2025

How Italy’s MPS went from near collapse to...

January 27, 2025

Analysis-To weather Trump, emerging market investors look to...

January 27, 2025

Chinese AI startup DeepSeek overtakes ChatGPT on Apple...

January 27, 2025
Fill Out & Get More Relevant News








    Stay ahead of the market and unlock exclusive trading insights & timely news. We value your privacy - your information is secure, and you can unsubscribe anytime. Gain an edge with hand-picked trading opportunities, stay informed with market-moving updates, and learn from expert tips & strategies.

    Recent Posts

    • Cava revenue beats estimates as Mediterranean chain reports double-digit same-store sales growth

      May 16, 2025
    • Nvidia says it is not sending GPU designs to China after reports of new Shanghai operation

      May 16, 2025
    • Reddit co-founder Alexis Ohanian takes minority stake in Chelsea FC women’s team

      May 16, 2025
    • ‘Shark Tank’ alum Bombas taps former Under Armour exec as CEO as it looks beyond digital roots

      May 16, 2025

    Categories

    • Economy (245)
    • Editor's Pick (3,646)
    • Investing (467)
    • Stock (6,426)

    Latest News

    • Cava revenue beats estimates as Mediterranean chain reports double-digit same-store sales growth
    • Nvidia says it is not sending GPU designs to China after reports of new Shanghai operation

    Popular News

    • Blue Origin’s New Glenn rocket lifts off from Florida in debut mission
    • Colombia stocks higher at close of trade; COLCAP up 0.12%

    About The Significant deals

    • Privacy Policy
    • Terms & Conditions

    Copyright © 2025 thesignificantdeals.com | All Rights Reserved

    The Significant Deals
    • Investing
    • Stock
    • Editor’s Pick
    • Economy