Amsterdam, February 24th, 2025 – Indonesia’s entry into the BRICS bloc in January 2025 marked a significant milestone in its diplomatic journey. As the first Southeast Asian nation to join BRICS, Indonesia has injected fresh energy into the coalition, extending its reach into the dynamic Southeast Asian region. With its vast natural resources and growing technological prowess, Indonesia is poised to play a crucial role in the bloc’s future.
The Challenges of a Common BRICS Currency
Donald Trump
The idea of a common BRICS currency has faced significant resistance, particularly from U.S. President Donald Trump. Trump has repeatedly warned BRICS nations against creating an alternative to the U.S. dollar, threatening tariffs of up to 150% on countries that attempt to de-dollarize. This resistance has created a challenging environment for BRICS members, who must navigate the complexities of international trade and economic policies while considering the potential repercussions of such a move.
Bolsonaro’s Opposition and Its Implications
Brazil’s former president Jair Bolsonaro
In Brazil, opposition leader Jair Bolsonaro has promised to withdraw Brazil from the BRICS bloc if he is elected in 2026. Bolsonaro’s stance adds another layer of uncertainty to the future of BRICS, as Brazil is one of the founding members of the coalition. His opposition to the bloc could lead to significant shifts in the geopolitical landscape, affecting the dynamics within BRICS and its global influence.
Indonesia’s Strategic Approach
Despite these challenges, Indonesia remains committed to its BRICS journey. The country sees its membership as a strategic move to diversify economic partnerships, reduce dependence on traditional allies, and enhance economic resilience. Access to the New Development Bank (NDB) offers Indonesia avenues to fund critical infrastructure projects, which are crucial for achieving its ambitious economic goals.
Indonesia’s active participation in BRICS also aligns with its foreign policy principles of mutual respect and equality, reinforcing its role as a leader in the Global South. By engaging with BRICS partners, Indonesia can collaborate on crafting more equitable global economic policies and address shared challenges such as sustainable development and climate change.
Outlook: Navigating a Complex Landscape
Indonesia’s journey within BRICS is a testament to its strategic foresight and commitment to global cooperation. While the international scenario presents significant challenges, including resistance to a common BRICS currency and potential shifts in membership, Indonesia’s proactive approach and dedication to its goals position it as a key player in the bloc’s future.
As Indonesia continues to navigate this complex landscape, its focus on sustainable development, economic resilience, and equitable global policies will be crucial in shaping its role within BRICS and beyond. The country’s journey serves as a reminder of the importance of strategic alliances and the potential for emerging economies to drive global change.
