JAKARTA (Reuters) -Indonesia will join New Development Bank, a multilateral bank developed by BRICS member nations, President Prabowo Subianto said on Tuesday. Joining NDB as a member would help Indonesia accelerate its economic transformation, Prabowo said. The BRICS group also includes Brazil, Russia, South Africa, China, India, Egypt, Ethiopia, Iran and the United Arab Emirates. […]
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Indonesia to join BRICS’ New Development Bank, president says
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JAKARTA (Reuters) -Indonesia will join New Development Bank, a multilateral bank developed by BRICS member nations, President Prabowo Subianto said on Tuesday.
Joining NDB as a member would help Indonesia accelerate its economic transformation, Prabowo said. The BRICS group also includes Brazil, Russia, South Africa, China, India, Egypt, Ethiopia, Iran and the United Arab Emirates.
Prabowo made the announcement during a visit by NDB president and former Brazilian President Dilma Rousseff.
Rousseff said the bank is interested in collaborating in sectors such as renewable energy and biodiesel, as well as technological development.
Prabowo has presented dozens of projects for potential partnership with NDB, Rousseff told reporters.
(Reporting by Stefanno SulaimanWriting by Fransiska Nangoy; Editing by Martin Petty)