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Chakwera tells BRICS to remove barriers blocking economic growth

Aug 24, 2023

Malawi President Dr Lazarus Chakwera has called upon BRICS countries to support developing countries saying these countries do face enormous challenges.

Addressing the Brazil, Russia, India, China and South Africa (BRICS) summit in South Africa, chakwera cited several barriers which needs to be considered and confronted.

He said these barriers have denied African countries to have a stake in global prosperity in the past.

“One such barrier is our own failure to build our own institutional and financial systems, systems that can better facilitate the implementation of instruments like the African Continental Free Trade Area (AfCTA) and the aspirations of platforms like the Forum on China-Africa
Cooperation (FOCAC), the Russia-Africa Summit, and the India-Africa Forum Summit (IAFS),” he said.

The president said the second barrier that must be confronted is the monopoly that some countries enjoy of multilateral institutions like the UN Security Council, where Africa must insist that it is no longer acceptable for a handful of countries that claim to love democracy and equality to have the power to undemocratically make decisions.

Chakwera said in the face of these global challenges, Malawi is determined to work with BRICS nations to promote multilateralism and uphold international law in a new and better framework, because Malawi is not satisfied with the post-colonial geopolitical framework that has failed to deliver equitable prosperity for the people.

“We must reboot the system. We must reboot it now. and we are here to help BRICS nations design the software,” he said.

One thought on “Chakwera tells BRICS to remove barriers blocking economic growth”
  1. Thats the only good and wel motivetion speaks to the hole World ensipencialy Africa and Brics as wel.wel done my President Chakwera.God bless you all

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