Remnants of Bretton Woods or a New Brick in its Foundation?

... capital should not drop under 55 percent, while the share of each new shareholder cannot exceed 7 percent. [7] BRICS does not intend to revise its fundamentals, willing to set up similar bodies de facto based on the misbalances inherent to the IMF and the World Bank. At first glance, the obligations within the Reserve Currency Pool match the sizes of member-countries' economies, although the misbalance in borrowing rights is obvious. The borrowing ceilings are determined individually for each country by multiplying the size of commitments by a certain coefficient ...