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Indonesia, the largest economy in Southeast Asia, has officially joined the BRICS bloc in January 2025, marking a major turning point in the reconfiguration of global economic alliances. This accession significantly strengthens the group’s influence, which now represents more than 51% of the global population and 40% of the global GDP.
A strategic expansion of BRICS
On January 1, 2025, Indonesia officially joined the BRICS (Brazil, Russia, India, China, South Africa), becoming the 10th member of this influential group.
The announcement of this accession was made by Brazil, which currently holds the rotating presidency of the bloc. This integration marks a new stage in the expansion of BRICS, after Indonesia’s candidacy was approved at the Johannesburg summit in 2023.
According to the Indonesian Ministry of Foreign Affairs, this accession reflects “Indonesia’s increasingly active role on the global stage” and its commitment to promoting a “more inclusive and equitable global structure“.
By joining the bloc, Indonesia is now among the current members: Brazil, Russia, India, China, South Africa, as well as Iran, Egypt, Ethiopia, and the United Arab Emirates. This expansion reflects the growing desire of emerging economies to play a central role in global economic decisions, often dominated by Western institutions.
For Jakarta, this accession fits into an ambitious strategy aimed at strengthening cooperation between the Global South nations, with a particular emphasis on sustainable development, equality among partners, and mutual respect.
Major economic and financial ambitions
The Brazilian presidency of BRICS, which began on January 1, 2025, has placed South-South cooperation and the reform of multilateral institutions at the core of its priorities. Indonesia’s arrival fits perfectly into this dynamic, adding a new dimension to the group’s strategy.
The development of alternative payment mechanisms among member countries is one of the major objectives of the bloc. This initiative, discussed during the Kazan summit in Russia, aims to reduce dependence on the US dollar in trade exchanges. Indonesia’s financial expertise and its strategic position in Southeast Asia could significantly contribute to achieving this goal.
The upcoming BRICS summit, scheduled for July in Rio de Janeiro, will provide an opportunity for Indonesia to fully participate in discussions on these crucial issues. This meeting is already shaping up to be a decisive moment for the group’s future and its ability to influence the global economic order.
In summary, Indonesia’s accession to BRICS marks a decisive step in the evolution of this bloc of emerging economies. It not only strengthens its economic influence but also consolidates its position as a credible alternative to institutions dominated by the West.
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