Indonesia has set aside an undisclosed amount of funds to buy some shares in the BRICS-sponsored New Development Bank, according to a senior minister, as the multilateral lender requires members to make paid-in capital payments. Under President Prabowo Subianto, Indonesia’s relations with BRICS — a China-led bloc of emerging economies — has witnessed some major progress. Jakarta officially came onboard as a BRICS member in January, and did not take long to announce interest at its lender New Development Bank, also known as NDB.
More, here.
The post Indonesia Readies Fund To Join BRICS-Sponsored Bank appeared first on 300th.
