President Ruto Engage China To Extend SGR From Kenya To Uganda,Rwanda & Congo Brazzaville
Автор: Africa is Paradise
Загружено: 2024-09-10
Просмотров: 932
The President asked China to rally various stakeholders to double their contribution to multilateral development banks such as the International Development Association of the World Bank that offer developing countries low-interest concessional financing.
“This will enable more African countries to access concessional funding. It will support economies that are heavily affected,” he said.
The President asked China to support Africa’s call for reforms of the international financial system that, he said, was unjust to many countries in the Global South, including Africa.
He called on China to work with Africa on “debt treatment”, and particularly re-profiling of debt to incorporate a longer grace period and longer tenure for existing and future financial financing.
President Ruto made the remarks during a meeting on the Belt and Road Initiative that he co-chaired with Chinese Vice-Premier Ding Xuexiang at the Forum on China-Africa Cooperation Summit in Beijing.
The theme of the meeting was “Pursuing High-Quality Belt and Road Cooperation: A Platform for Modernisation Featuring Planning, Building and Benefiting Together.”
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