Indeed, unlike existing parallel arrangements, which have always been regional in nature and intended to complement the work of the IMF and the World Bank, the BRICS’ New Development Bank and contingent reserve agreement are not based on cultural, geographical, or historical links. Instead, they are founded on a shared frustration with the outmoded entitlements to which the US and Europe are clinging – entitlements that are diminishing the Bretton Woods institutions’ credibility and effectiveness.
事实上，与一直地区性质、以补充IMF和世界银行作用为初衷的现行类似安排不同，金砖国家的新开发银行和应急储备协议并不以文化、地缘政治或历史渊源为基础。相反，它们的基础是因为对美国和欧洲所坚持的过时特权的共同不满——这些特权降低了布雷顿森林机构的信誉和效率。