Kenyan president slams 'unfair' global lending system - News Summed Up

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Kenyan president slams 'unfair' global lending system


President of Kenya William Ruto told AFP Africans are 'tired' of being painted as victims 'looking for favours'. Photo: JOEL SAGET / AFPSource: AFPKenyan President William Ruto does not hold back when describing the global lending system: it is "unfair, it's punitive, it doesn't give everybody a fair chance". "Some people do not want a mechanism where people are equal, they want us to continue this conversation where we are looking for help," Ruto said. He also backs a rethink of debt management of developing nations and the deployment of international taxes on shipping, aviation and financial transactions. Ruto is keen to show a strong African climate response and Kenya is hosting a key regional meeting, the Africa Climate Summit, in early September.


Source: Daily Nation June 23, 2023 09:56 UTC



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