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The developing world has started to access alternative development and infrastructure financing through BRICS, free from stringent terms.

— Monica Mutsvangwa

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More quotes by Monica Mutsvangwa

Developing countries face numerous challenges rooted in the imbalanced relationships created by current international mechanisms and organizations. Certain nations have used their financial and military dominance to shape the global order to their advantage.

Neo-colonialism poses a significant threat by hindering investment and redirecting resources to powerful nations through illicit financial flows, leading to current account deficits for developing countries.

Africa has endured decades of external political interference, a challenge that persists today, particularly in the West African region, where troubling signs of regional destabilization are increasingly evident.

Most countries in Sub-Saharan Africa are well-acquainted with the crippling effects of programs from Western-dominated global lenders, as they "cannot access credit from these international institutions without facing predatory conditions imposed upon them."

Chinese investors have played a pivotal role in Zimbabwe's industrialization, with Chinese private capital driving key projects nationwide. Notably, China's Tsingshan Holding Group established a $1.5 billion integrated steel plant in the Midlands Province.

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Quote text and notes from Wikiquote: Monica Mutsvangwa (page history), available under CC BY-SA 4.0. Source quality and labels are our own summary of what Wikiquote records.