Quotes of the Day from Xinhua World News, Dec. 5

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ADDIS ABABA -- "Capital markets recently began developing, though at a slow pace, and most African countries are still lagging behind," said the African Union (AU) in a statement.

"Capital markets play a vital role in increasing the mobilization of savings, therefore improving the efficiency and volume of investments, economic growth and the development of Africa," it said.

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MOSCOW -- Russia opposes the U.S. withdrawal from the Intermediate-Range Nuclear Forces Treaty (INF Treaty) and it will respond "in an appropriate manner," Russian President Vladimir Putin said Wednesday.

"Apparently, our U.S. partners believe that the situation has changed so much that the United States should have such weapons. What is the answer from our side? Simple: we will also have them then," Putin told reporters.

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WASHINGTON -- International Monetary Fund (IMF) chief Christine Lagarde said on late Tuesday "more than ever before, what happens in one nation can impact all nations. Think about it: From weapons of mass destruction, to cyber-security, to the interconnected financial system, many of our current challenges do not recognize borders."

"Solidarity is self-interest," she stressed.

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UNITED NATIONS -- UN General Assembly (UNGA) President Maria Fernanda Espinosa Garces on Tuesday called for eliminations of inequality and financing gaps in middle-income countries.

"In the last 50 years, middle-income countries have become a growing economic force substantially contributing to the global gross domestic product (GDP) and boosting their international exports," said Espinosa. Enditem

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