President William Ruto has said African leaders want to have a conversation on fair loan deals with international lenders.
Speaking during the official opening of the ID4Africa in South C, the head of state said the conversation revolves around ways in which every country will have an opportunity to be its best.
"We will be discussing in Paris shortly, the International Financial system and a new deal that will bring lenders and borrowers together," he said.
Ruto added that the lender cannot do without the borrower and vice versa, and the discussion will be able to leverage huge resources in the continent.
"There must be a mutual win-win outcome, we will be discussing a new system that gives an opportunity for every part of the world."
Ruto expressed that at the moment the current international financial system is rigged against some, where other sovereign access international financial resources at one per cent, while others at more than 10 per cent
"You cannot deliver public goods in a system where one pays 100 times more than the other, we are not asking for a financial system that favors anybody, we are asking for a fair one that gives everyone a chance," he said.
The president is on record saying Kenya will not default on any of its foreign debts.
Ruto said he has put in place necessary measures that will ensure the country continues repaying the debts at ease while ensuring it remains self-reliant.
"We are not in that position that we can default and the people of Kenya can be rest assured we are not going to fail on our obligations," said Ruto
