The objective of this Master Thesis was to analyze, if the IMF is prepared for the new challenges due to the shift in the global economic power under special con-sideration of the Peoples Republic of China. The answer to the research question whether the IMF will continue to play a dominant role in the global financial system was based both on literature research and interviews with experts. Within the scope of the analysis, competing institutions in Asia, such as the Asian Infrastruc-ture Investment Bank or the New Development Bank, as well as regional bilateral currency agreements and the Chiang Mai Initiative appeared to be potential future alternatives or supplements to the IMF, respectively. However, due to their region-al limitation, the mutual interdependence of their economic development and a financing volume insufficient to provide substantial support programs so far, the IMF will continue to be the big player in the global economy. Despite the economic rise of the Peoples Republic of China, alternatives to the USD as global reserve currency are currently missing.