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Indonesia formally joins Brics group of emerging economies

by Investor News Today
January 7, 2025
in Market Updates
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Indonesia formally joins Brics group of emerging economies
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Indonesia has been accepted as a full member of the Brics group of rising economies, in keeping with an announcement from Brazil, the bloc’s presiding nation. 

The assertion mentioned Indonesia “shares with different . . . members the help for the reform of the worldwide governance establishments and contributes considerably to the deepening of World South cooperation”.

Brics leaders endorsed Indonesia’s candidacy in August 2023, however Jakarta formally notified its curiosity in becoming a member of the group solely after President Prabowo Subianto got here to energy in October.

The bloc was initially made up of Brazil, Russia, India, China and South Africa, however has expanded lately.



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