Is Indonesia about to make a major geopolitical shift? Recent reports suggest Indonesia is now considering joining the BRICS alliance, signaling a potential move towards enhanced cooperation with Brazil, Russia, India, China, and South Africa. Thailand Business reports that Indonesia is exploring the BRICS option to further the process of de-dollarization initiatives. This news comes after earlier reports and discussions suggesting a growing interest in closer ties with the bloc.

While official confirmation is still pending, speculation has been rife. Indonesia’s Foreign Ministry has previously expressed a welcoming stance towards BRICS, with a statement yesterday describing BRICS membership as “a strategic” move. Indonesia has officially become a new BRICS partner, joining countries such as Malaysia, Thailand, Vietnam, Türkiye, Nigeria, Cuba and Kazakhstan. This increased partnership hints at a broader shift in global alliances and economic strategies.

However, the current situation indicates that Indonesia is now considering joining the BRICS alliance as opposed to having already joined. The country was among the nations invited to previous BRICS summits and dialogues, sparking speculation about formal membership. The potential benefits of joining BRICS, including increased trade opportunities, access to the New Development Bank (NDB), and a stronger voice in global affairs, are likely key considerations for the Indonesian government.

The decision to join BRICS could have significant implications for Indonesia's economic and political landscape, as well as for the global balance of power. Stay tuned for further updates as Indonesia weighs its options regarding BRICS membership and its commitment to de-dollarization.