JAKARTA, March 25 — Indonesia will join the New Development Bank (NDB), a multilateral bank developed by BRICS members, President Prabowo Subianto said today.
Joining NDB as a member would help Indonesia accelerate its economic transformation, Prabowo said. BRICS 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.
— Reuters
