President Ruto and his Mozambique and Rwanda counterparts Filipe Nyusi and Paul Kagame during the Africa CEO Forum in Kigali, Rwanda on Friday. [PCS, Standard]Kenya has called for reforms of international financing institutions, advocating for a more inclusive approach. Ruto said the current ="https://www.standardmedia.co.ke/business/business/article/2001494033/ruto-to-push-for-global-finance-reforms-at-world-bank-meeting">financial system was unfair< as it neglected the interests of developing countries. He said the reforms he wishes to see would enable underserved countries to advocate for mutually beneficial outcomes, such as the allocation of additional resources for concessional loans. Ruto said Africa must prioritise value addition and stop raw material exports so as to enhance exports as a percentage of GDP.

Source: Daily Nation May 18, 2024 22:29 UTC