During the Asian-African Conference Commemoration Summit in Jakarta, the Indonesian president, in his opening address, put the record straight: "The view that the world economic problems can only be solved by the World Bank, the International Monetary Fund, and the Asian Development Bank is an out-dated view." One can hardly hear such a scathing attack from an incumbent leader against the financial troikas in Asia.
The acceptance of the feasibility of the BRICS Development Bank at the recently concluded Fifth BRICS Summit at Durban has sent a shivering effect on a certain section who criticise the very idea.