Kenya has endorsed the candidature of former MasterCard CEO Ajay Banga as the next World Bank Group President.
In a statement, Ruto has termed Banga as experienced in the digital economy.
This, he noted will help respond to emerging economic challenges, deliver transformative results and begin a new era in global finance and development.
"We believe he has the credentials that will help address the issues facing developing countries, particularly job creation, agriculture and climate change," said Ruto.
Ruto spoke after holding talks with the nominee at Statehouse.
Others present during the meeting were US ambassador Meg Whitman and cabinet secretaries Alfred Mutua, Njuguna Ndungu and PS Chris Kiptoo.
US President Joe Biden nominated the 63-year-old last month to replace David Malpass.
The World Bank oversees billions of dollars in funding for developing countries.
According to a BBC report, Banga has already won support from India and Ghana.
He also received positive reviews from France and Germany at last month’s meeting of Group of 20 finance officials, and on Tuesday won the endorsement of Bangladesh.
Russia has, however, said it is considering challenging the nomination of Banga.
The Bank halted all programs in Russia and Belarus last March, citing what it called “hostilities against the people of Ukraine” following Russia’s invasion.
Russia remains a voting member of the World Bank.
Russia remains a voting member of the World Bank, although the bank halted all programs in Russia and Belarus last March,
The Bank has been headed by someone from the United States, the lender’s dominant shareholder, since its founding at the end of World War Two.
