Indonesia is admitted to the Brics bloc of developing nations, Brazil confirms

With a GDP of about US$1.4 trillion, a population surpassing 280 million and annual economic growth exceeding 5 per cent for much of the past decade, Indonesia is regarded as one of the most dynamic emerging markets globally, it added.

“Indonesia shares with other members of the group support for the reform of global governance institutions and contributes positively to the deepening of cooperation in the Global South, priority issues for the Brazilian presidency of Brics,” the ministry said.