Kenya to benefit from G7-backed financial reforms, Ruto says
He told leaders that Africa is entering a new phase of engagement defined by sovereign equality, mutual benefit, and investment-led development, adding that outdated perceptions of the continent were distorting global financial decision-making, particularly in risk assessments that drive borrowing costs.
Ruto said the outcomes marked significant progress for Kenya and the continent in reshaping global financial systems, reducing investment risk perceptions, and strengthening Africa’s role in global governance reforms, including institutions such as the UN Security Council, IMF and World Bank.
He urged G7 nations to work with Africa in building a stronger financial architecture through guarantees and risk-sharing instruments, including platforms such as the African Trade and Investment Development Insurance (ATIDI).
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