Wednesday, January 22, 2025
2.7 C
London

BRICS: Indonesia Officially Joins as Full Member

In a move that showcases a further expansion of the economic alliance, the BRICS bloc has welcomed Indonesia as a full member. Indeed, Brazil announced that the country would be joining the collective, according to a Reuters report. Moreover, the move takes place as the South American nations commences its opportunity to take over the groups rotating presidency for 2025.

Brazil has stated that Indonesia has been accepted after its application bid was accepted during the group’s 2023 annual summit. The Asian nation has requested its acceptance be halted amid presidential elections last year, where Prabowo Subianto was officially elected. Now, Indonesia has become the 10th member of the growing economic group.

JUST IN: Indonesia officially joins BRICS as a full member. pic.twitter.com/TSj7LyEGPK

— BRICS News (@BRICSinfo) January 6, 2025

Also Read: BRICS Nation Announces Intent to Embrace Trump, US Amid Tariff

Indonesia Officially Joins BRICS as Full Member Ahead of Crucial 2025

Over the last two years, the BRICS economic alliance has emerged as a key global economic and geopolitical presence. The group was formed through the promising potential of Brazil, Russia, India, China, and South Africa more than two decades ago. Yet, it was not until recently that it embraced its status and sought to increase its position on the world’s stage.

Another key part of that pursuit has taken place today. Indeed, the BRICS bloc has reportedly welcomed Indonesia as a full member of the growing economic alliance. The country is set to join the group after being approved for entry in 2023. Moreover, it has long sought to be included in the growth prospects being derived by the global south.

Source: Pixlok

Also Read: BRICS Currency May Still Be On the Horizon: Expert Says

“Indonesia shares with the other members of the group support for the reform of global governance institutions and contributes positively to the deepening cooperation of the global south,” 2025 BRICS President Brazil said in a statement.

The country is joining the bloc on the precipice of an immensely important year. US President-elect Donald Trump has not been shy of its issue with the group. Earlier this year, he warned of the imposition of 100% tariffs on nations seeking to ditch the US dollar.

He specifically targeted BRICS, noting the development of their own alternative currency. Whether or not those plans will continue remains to be seen. The bloc appears to be facing increased dissension from the United States’ shift this year.

Hot this week

VeChain VET Gains as $0.05 Solidifies: Can it Jump Another 29%?

VeChain (VET) is up over 5% on Tuesday and...

USDT meaning: What is it?

Your guide: USDT meaning: What is it? New to the...

Chainlink Jumps 33% This Week: Why Trump has LINK Eyeing $40

Entering 2025, there were few cryptocurrencies with the kind...

Crypto Awaits its spot in Trump’s list even after 100 orders on Day 1

Cryptocurrency enthusiasts are eagerly waiting for action from President-elect...

How to call Coinbase?

Your guide: How to call Coinbase? For cryptocurrency transactions,...

Topics

VeChain VET Gains as $0.05 Solidifies: Can it Jump Another 29%?

VeChain (VET) is up over 5% on Tuesday and...

USDT meaning: What is it?

Your guide: USDT meaning: What is it? New to the...

Chainlink Jumps 33% This Week: Why Trump has LINK Eyeing $40

Entering 2025, there were few cryptocurrencies with the kind...

Crypto Awaits its spot in Trump’s list even after 100 orders on Day 1

Cryptocurrency enthusiasts are eagerly waiting for action from President-elect...

How to call Coinbase?

Your guide: How to call Coinbase? For cryptocurrency transactions,...

Tron Security Flaw Puts Over 14,500 Wallets at Risk of Hijacking

A hidden security flaw has affected around 14,545 Tron...

BRICS Pay Plan in Trouble? Experts Discuss Growing Challenges

For the last several years, the BRICS economic alliance...

Trump And Melania Meme Coins ($TRUMP, $MELANIA) Fall 50%

Donald and Melania Trump’s meme coins, $TRUMP and $MELANIA,...
spot_img

Related Articles

Popular Categories

spot_imgspot_img