When the concept of BRICS Development Bank was first born, there were comments that this newly established organization would challenge the position of the World Bank and the International Monetary Fund (IMF) in coordinating the global financial order.

The establishment and implementation of the BRICS Bank is generally believed by international public opinion to be a major change in the international financial system since the end of World War II, which indicates that emerging economies represented by BRICS countries will become an important force in the governance of the future world financial order.

Some analysts pointed out that the establishment of the BRICS Development Bank is the first step to shake the position of the US dollar in international trade settlement. In the future, there may be more trade and investment agreements among member countries, such as energy and raw materials settled in BRICS currencies, which will gradually reduce the dependence of BRICS members on dollar fluctuations.

In fact, the BRICS Bank and the foreign exchange reserve fund in preparation are the "BRIC" version of the World Bank and the International Monetary Fund (IMF) that the BRICS countries want to build to break the monopoly of Europe and the United States on the international financial order and let emerging market countries have more say on the world stage. BRICS Bank is responsible for infrastructure construction investment projects including BRICS countries and other countries to expand the overseas interests of BRICS countries; The foreign exchange reserve fund is responsible for providing assistance funds when financial emergencies such as capital outflow and debt crisis occur in member countries.

The new development bank based on the BRICS countries, although smaller than the international financial institutions such as the International Monetary Fund, will not pose a threat to the dominant position of the World Bank in a short time, but it will still become another unique alternative organization.