How China's expanding global footprint is affecting World Bank and IMF

The concern is how China is expanding its global footprint, often entangling resource-rich but poor nations, by multi-million dollar loans that can be never repaid

The World Bank and the International Monetary Fund (IMF) seem to be in a fix with China. Being a major shareholder in both, and running a parallel lending system of its own — one that often that runs counter to the goals and objective of the World Bank and the IMF — China clearly causes some unease.
 
In IMF’s case, the balance is shifting subtly as BRICS (Brazil, Russia, India, China, and South Africa) now holds almost an equivalent share as the US’ 16 per cent. Any decision taken by the IMF will have to keep in mind BRICS,