Speaking at State House, Nairobi, during a high-level summit marking 50 years of diplomatic relations with heads of EU delegations to African countries, Ruto warned that predatory international borrowing rates and rigid credit frameworks continue to suffocate developing economies across the continent.
The President emphasized that multilateral development institutions must evolve beyond restrictive lending regimes, calling on European partners to help unlock affordable, long-term development financing for African nations.
Addressing governance deficits, Ruto reiterated that true multilateral credibility relies on creating a balanced global system—highlighting that the UN Security Council cannot maintain legitimacy while failing to grant permanent representation to Africa's 54 nations.
He noted that global institutions designed in 1945 must adapt to modern multipolar realities or face increasing irrelevance in resolving global crises.
Beyond institutional reform, discussions centered on expanding the Kenya-EU Economic Partnership Agreement (EPA), enhancing trade access for smallholder agricultural exporters, and strengthening regional peace initiatives.
Ruto acknowledged the EU’s consistent financial backing for African Union-led security missions—notably in Somalia—while reinforcing that sustainable regional security remains inextricably linked to fair financial rules and inclusive economic development.
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https://peopledaily.digital/inside-politics/ruto-tells-eu-to-help-end-africas-costly-borrowing-and-push-for-un-reforms
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