The new BRICS bank, which is expected to start lending in 2016, will have a regional office in South Africa. Sub-Saharan Africa has huge infrastructure and developmental challenges and the new bank, established by developing countries, is expected to have a better understanding of these challenges than western-led institutions. On a different level, however, the BRICS actions can be seen as a challenge to the Bretton Woods system and an attempt to create a new world order, with emerging economies assuming global leadership.