Home » Ruto Pushes for International Financial System Reforms , Debt Restructuring for Developing Countries in New York

Ruto Pushes for International Financial System Reforms , Debt Restructuring for Developing Countries in New York

by Walter
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President William Ruto has asked International Financial institutions to eliminate discrimination and instead embrace a more inclusive financial architecture that is fair to developing countries, as they seek sustainable development and wage a war on climate change.

In a statement on Monday, the Head of State, who is currently in the US  explained that with a focus on debt restructuring and the elimination of discrimination, International Financial Institutions can foster a truly shared prosperity to citizens of the world.

”A reformed and just global financial system will empower developing nations to participate meaningfully in climate action and pursue sustainable development, ” he noted after meeting  COP28 President and United Arab Emirates Minister of Industry and Advanced Technology Sultan Ahmed Al Jaber at the United Arab Emirates Mission in New York.

”With a focus on debt restructuring and the elimination of discrimination, International Financial Institutions can foster a truly shared prosperity and pave the way for the achievement of the world’s climate action objectives and a sustainable future,” Ruto added.
The commander-in-chief is pushing for reforms in the international financial system, something he believes will help boost investor confidence in Africa. He has continued to agitate for improved access to affordable development financing that will help Africa revamp its infrastructure, deepen integration, and spur intra-continental trade.
Ruto is on an investment tour in the US and is also expected to attend the UNGA Heads of State summit later this week.

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