Indonesia will formally join BRICS as a full member, Brazil's government said on Monday, further expanding the group of major emerging economies that also includes Russia, India, China and South Africa.

Home to over 284 million people, the Asian nation boasts the world's fourth-largest population and ranks as the tenth-largest economy by purchasing power parity.

Indonesia has become the newest member of the BRICS group of developing nations, in a move that could further bolster the Global South as Donald Trump’s trade policies pose risks to world economy.