Indonesia has decided to come on board the BRICS-sponsored multilateral development bank, which President Prabowo Subianto believes could help the country expedite its economic development. The decision came after Prabowo held a meeting with New Development Bank (NDB) president Dilma Vana Rousseff at the State Palace in Jakarta on Tuesday, in which the two talked about the short-, medium- and long-term plans alongside the government's programs. The bank was established in 2015 by the original five BRICS members that make up the organization's acronym, namely Brazil, Russia, India, China and South Africa. Rousseff welcomed Jakarta’s decision and said that getting Indonesia on board was among the NDB’s priorities due to its regional influence, according to the same statement. The development bank has approved a total of US$39 billion in financing spread over 120 projects in the original five countries, the largest portion of which went to China with $8.1 billion, followed by India, South Africa, Brazil and Russia in that order. Responsible for about half of the entire money it rolled out, the bank has provided financing for transportation infrastructure, excluding COVID-19 emergency assistance. Economist Arif Budimanta wrote in an analysis on Tuesday that the NDB made it mandatory that the original five members should hold at least 55 percent of the bank’s shares. “With a capital of $100 billion, the NDB hopes to shift the landscape of financing demands on sustainable development and infrastructure, especially for South-South [countries],” said Arif.Source : https://www.thejakartapost.com/business/2025/03/26/indonesia-joins-brics-backed-new-development-bank.html (ICE GIACARTA)

Fonte notizia: The Jakarta Post, 26/03/2025