- "Kenya advocates for enhancement of capacity for the International Monetary Fund to assist countries in responding to climate related crises," Ruto said
President William Ruto on Wednesday met the International Monetary Fund managing director Kristalina Georgieva in New York City.
The two leaders agreed that the Africa agenda will take precedence during this year’s Annual Meetings of the IMF and the World Bank Group that will be held in Marrakech, Morocco.
"Kenya advocates for enhancement of capacity for the International Monetary Fund to assist countries in responding to climate-related crises," Ruto said
The head of state added that a stronger, inclusive and more accountable IMF will improve global financial stability and the economic well-being of all people.
In a separate meeting with Bill Gates, Ruto said a financial system that does not address the debt stress facing most low-income countries, the majority in Africa, is counterproductive in driving our transformation agenda.
"A restructuring to ease the burden is urgent if the globe is to collectively meet its development goals. That is why the international financial system must be refined to serve the purposes of our moment," he said