On March 25, 2025, H.E. Mrs. Dilma Rousseff, President of the New Development Bank (NDB) met with President of Indonesia H.E. Prabowo Subianto at the Presidential Palace in Jakarta, Indonesia.
The Presidents discussed potential collaboration opportunities. During the meeting, President Subianto announced that Indonesia will join the New Development Bank.
President Rousseff said that it is a great honor to have Indonesia as a new member country, recognizing the importance of Indonesia for the region, for the world, and for the BRICS.
“We are a bank from the Global South, for the Global South. NDB respects the sovereignty of each member country and for that we are demand-led. We rely on the guidance of the strategies, plans, projects and priorities of each country to do a better job. Indonesia has all of these laid down in its Development Strategy: 2025 – 2045, its National Medium-Term Development Plan: 2025 – 2029, and its National Strategic Projects List, with 77 projects that provide investment opportunities,” said President Rousseff, adding that Indonesia’s participation in the NDB would open an enormous potential for a long-term partnership.
President Rousseff added that NDB and Indonesia share the same priorities, mainly logistics infrastructure (railways, roads, ports and airports) and digital connectivity. We both aim to invest in sustainable development, energy transition, especially in renewables, and in urban modernization (water and sanitation, treatment of waste and electricity distribution). Our common commitment also includes projects that address inequality, overcome hunger and extreme poverty, and enhance education, health and housing.
“Development is crucial for all EMDCs to reduce their dependency on commodities and avoid the middle-income trap. Catching up to the advanced economies, in the era of fourth industrial and technological revolution, requires investment in technology and innovation, which are a common objective of NDB and Indonesia,” said President Rousseff.