As revealed in a statement received here, Wednesday, the competition was organized by Higher School of Economics and was joined by delegates from 13 countries.
Aside from Indonesia, other participating countries include Russia, the United States of America, Brazil, Austria, Malaysia, Ireland, Kazakhstan, Latvia, Myanmar, New Zealand, Spain and Switzerland.
Gold medals were won by 10 participants from Russia, Brazil, New Zealand and Kazakhstan, while silver medals were won by 11 delegates.
17 bronze medals were up for grabs in the competition, one of which was won by the participant from Indonesia.
Through the Ministry of Education and Culture, Indonesia sent out three participants, including Ricky Suhartono Iskandar from Surabaya Petra Christian High School in East Java, Shania Rahmi from Pekanbaru Model 2 High School in Riau, as well as Frisca Thursandi Setyaningrum who is a student of Insan Cendekia high school in Gorontalo.
Deputy Head of the team, Wiji Purwanta, who came along as chaperone to the Indonesian participants, said that the achievements made by all delegates are hoped to motivate all students in Indonesia to further study economics.
Meanwhile, Indonesian Ambassador to the Russian Federation and the Republic of Belarus, M Wahid Supriyadi, expressed his highest appreciation and extended his congratulations for the participation and the success of the Indonesian team of students.
"Congratulations to the Economics team from Indonesia," he remarked.
Reporting by Azis Kurmala
Editing by Aria Cindyara, Bustanuddin