The architects of the Chiang Mai Initiative attempted to finesse the problem by requiring countries that draw more than 30% of their swaps to negotiate a program with the IMF. Ironically, the “Treaty for the Establishment of a BRICS Contingent Reserve Arrangement” contains exactly the same provision.
清迈倡议的设计者解决问题的方法是要求提取超过30%互换额度的国家与国际货币基金组织谈判一项计划。讽刺的是，“金砖应急储备安排创立协议”也提出了一模一样的要求。因此，“应急储备安排”不可能取代IMF。而且如果上述条款还不够发人深省，金砖国家对“应急储备安排”的缴款居然是以美元为单位的。