"What Zimbabwe seeks today is to climb the value chain to transform the economy from a resource-based economy through widening the manufacturing base and the manufacturing sector into an industrialization-driven economy, which is what all these countries have gone through. So we have got a lot of catch-up to do, and we need friendly countries to deal with," Mr. Gwanyanya noted.
"We have been funding our growth and our infrastructure mainly on our own, on domestic resources, because of this limited access to international capital. Now, the BRICS Development Bank presents an efficient opportunity to address our circumstances the challenges that we face," he stressed.
"Even our peers in Africa have condemned these sanctions as harming the ordinary person in the country and contributing to the economic malaise that the country is facing. In whatever form and whatever degree of sanctions, they are condemned in Zimbabwe," the economist noted.