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Indonesia decides to join New Development Bank to accelerate growth

0 Comment(s)Print E-mail Xinhua, March 25, 2025
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JAKARTA, March 25 (Xinhua) -- Indonesian President Prabowo Subianto announced on Tuesday that Indonesia has decided to join the New Development Bank (NDB) following a meeting with NDB President Dilma Vana Rousseff at the Presidential Palace.

Prabowo said the meeting between the two parties took place in a warm and productive atmosphere, noting that the discussion covered Indonesia's short-, medium-, and long-term development plans.

He said that one of the main topics in the discussion was the official invitation from the NDB to Indonesia to join as a member. Prabowo confirmed that Indonesia has decided to move forward with the NDB membership process following an evaluation by the country's Ministry of Finance.

"The Indonesian government has decided to join the New Development Bank and follow the procedures and requirements that have been given to us," said Prabowo. He hoped that Indonesia's membership in the NDB could encourage the acceleration of national development transformation.

Rousseff welcomed Indonesia's decision, describing the country as an important partner in the region and beyond. She noted that Indonesia's development priorities align with the NDB's focus areas, particularly in infrastructure, connectivity, and energy transition.

The NDB president affirmed that the bank respects the sovereignty and priorities of its members, and expressed confidence that Indonesia's participation would be well received. Enditem

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