President William Ruto has insisted on a fair global financial system for every country.
While in New York for the United Nations General Assembly (UNGA), the head of state said the financial system will empower developing nations to participate meaningfully in climate action.
This way, Ruto said the move will enable the countries to also pursue sustainable development, 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," he said.
Ruto has been vocal about the reforms of international financial systems and has in the past months called on other African leaders to work together in the push.
In July, while in Congo, Ruto called on African leaders and Parliaments to champion the continent’s development agenda.
He asked them to implement policies and legislation that would unlock Africa's potential and create opportunities for its people.
The President argued that the leaders must advocate for reforms in the multinational financial institutions to address the debt crisis in the continent.
Ruto added that it was unfortunate that African countries have to choose between their development needs and climate action.
“It is, therefore, clear that if we do not solve the debt issue, it will be impossible to address the climate crisis.”
“It is the right time to engage Africa’s leaders for the purpose of mobilising a firm African position on issues that are directly connected with our collective aspirations,” he said.
