President William Ruto reaffirmed Africa’s commitment to establishing a more responsive and equitable international financial system during a leaders’ lunch meeting at the Paris Pact for the People and the Planet Coalition, hosted by French President Emmanuel Macron.
In his address, Ruto emphasized the urgent need for climate-resilient debt clauses that would offer financial flexibility to nations grappling with climate-related disasters.
“Africa is committed to pursuing a more responsive and equitable international financial system, including climate-resilient debt clauses, which provide financial flexibility for nations facing climate-related disasters,” he said .
He added, “No country should be forced to choose between eradicating poverty and protecting the planet,” highlighting the dual challenges of economic growth and environmental sustainability.
The gathering, which brought together leaders from various countries, aimed to foster collaboration on climate action and sustainable development.
Ruto’s remarks underscored the collective African position that a fair financial framework is essential for addressing the pressing issues of poverty and climate change simultaneously.
