President William Ruto will on Wednesday evening travel to Paris for the Global Pact Finance Summit. The summit aims to reimagine the global finance system and foster the creation of a more inclusive financial architecture. A statement released by State House spokesperson Hussein Mohamed on Wednesday said he will also advocate for new institutional architecture for multilateral climate finance. Ruto will also make proposals towards the establishment of a new Multilateral Climate Finance Institutional Architecture. Kenya's contribution seeks to define a strong African position that will be developed further during the Africa Climate Summit scheduled to take place from the 4 to 6 September in Nairobi.

Source: The Star June 21, 2023 19:36 UTC