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There has been stiff resistance at the IMF and World Bank to change the shares of voting power to give the China, the other BRICS (Brazil, Russia, India, China, South Africa), and other countries in the Global South the weight they deserve in the changing global balance of economic power. [...]he is responding to the most significant and powerful section of his Make America Great Again base. The New Development Bank (NDB) and the Contingency Reserve Arrangement (CRA), which were conceived as performing functions akin to the World Bank and IMF respectively, were formed in 2015, but they remained relatively low profile, perhaps so as to assure the West they were not meant to supplant these key institutions of the Western-dominated multilateral system as well as discourage developing countries to think of them as major alternative sources of development and emergency finance. First of all, the BRICS, especially China, have played a major role in moving the balance of global economic power vis a vis the North to a tipping point.