Earlier this year, Prabowo announced that Indonesia was planning to join the NDB “to boost the national development transformation” after he met the bank’s chairwoman, Dilma Rousseff, in Jakarta.
“The Indonesian government has decided to join the New Development Bank and will comply with all procedures and requirements,” Prabowo said on March 25.
One of the requirements for joining NDB is to place an undisclosed sum of money to buy its shares, which can be paid in seven instalments.
Giving an update on the matter, Chief Economic Minister Airlangga Hartarto said last week that Indonesia had received approval to “pay the paid-in capital”. He did not reveal the sum, only saying “there are calculations”, according to a report by the Jakarta Globe news outlet.
