Crucial to the development of burgeoning economies is the acquisition of funding for countries which have long-term economic requirements; these countries have expressed a desire for their voice to be heard with regard to problems with the existing framework for international financial exchange. Statistically, the nations which make up BRICS contain over 42% of the global population and 21% of international economic output. In other words, BRICS nations already exist in a position of power in the international economic community, acting as a legitimate driving force. It is in the arena of global politics in which this power is somewhat diminished; in the IMF, America’s voting power, 17.11%, towers above that of both China and Russia, which hold just under 3% each (Momani, 2004: p.882). In fact, all of the BRICS nations cumulative vote percentage is just 11% (The Economist, 2011). Despite promises that it would increase the voting power and economic sway of developing nations in 2011, the IMF has left BRICS countries “disappointed and seriously concerned with the current non-implementation of the 2010 International Monetary Fund reforms, which negatively impacts on the IMF’s legitimacy, credibility, and effectiveness” (International Centre for Trade and Sustainable Development, 2014). It is evident, then, why this lack of representation in the IMF paved the way for an organisation in which these countries were duly recognised: the New Development Bank.