李月芬：我曾告诫一些非洲国家，大量借款时要小心(19)

This is an important issue and also shows the need for the reform of the international financial architecture. You see the need to increase the voices and the representation of developing countries in the decision process of the international financial architecture. This is a very important time to raise this issue because many developing countries are facing lots of problems. The close monitoring and regulation of the banking sector is very important, it rings a warning bell for developing countries to watch out and pay attention to possible similar banking problems that could happen to their own financial sector.
Guancha: In recent weeks, efforts to achieve “de-dollarization” appear to be gaining steam. Russian president Putin recently pledged to adopt the RMB for payments between Russia and much of the Global South. During his visit to China, Brazilian president Lula publicly questioned why we can’t use our own currency in trading that doesn’t concern the US. Even France just conducted its first LNG sale in RMB. What do you think is behind this push for de-dollarization? What do you think is its prospect in the short term? What about the medium to long term?