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Kenya’s Ruto: Time to Redesign Global Debt Systems

Kenya’s Ruto: Time to Redesign Global Debt Systems

Sputnik Africa

Kenya’s Ruto: Time to Redesign Global Debt Systems“There is now consensus on the need for a development-oriented sovereign debt architecture where public debt... 30.06.2025, Sputnik Africa

2025-06-30T22:36+0200

2025-06-30T22:36+0200

2025-07-01T10:24+0200

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Kenya’s Ruto: Time to Redesign Global Debt Systems“There is now consensus on the need for a development-oriented sovereign debt architecture where public debt is an instrument for development, not a trap for distress,” the president said at the Fourth International Conference on Financing for Development on Monday.Ruto calls for:🟠Debt as a tool for growth, not crisis🟠Lower borrowing costs and fair credit assessments🟠Stronger global economic governance that empowers Africa“Africa is ready, poised, and prepared to become the next frontier of global production and innovation. … The world’s and Africa’s futures are inseparable. … Africa is not asking for favors. We are asking for fairness, partnership, and investment.”Subscribe to @sputnik_africa Sputnik Africa | X

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