Indonesia in Brics: a ‘strategic hedge’ or challenge to US interests?

Indonesia’s foreign ministry confirmed the news in a statement the following day, hailing the milestone as a reflection of its “active role in global issues” and commitment to creating a “more inclusive and fair” world order.

Founded in 2009 by Brazil, Russia, India and China – later joined by South Africa in 2010 – Brics last year welcomed Egypt, Ethiopia, Iran and the UAE, collectively representing among its members and partners nearly half of the world’s population and more than 41 per cent of the global economy.