In an interview with FRANCE 24 on the sidelines of the Summit for a New Global Financing Pact, Kenya President William Ruto said the world's multinational financial architecture needs to be "fixed". He also reacted to the ongoing conflict in Sudan, saying "there are already signs of genocide". More than 2,000 people have been killed there since fighting broke out on April 15.
"We pay, especially those of us from the Global South and on the African continent, up to eight times more for the same resources, because of something called risk," Kenya's Ruto said. Calling the current system "broken", "rigged" and "unfair", Ruto said the multinational financial architecture needs to be "fixed". He also insisted on the importance of clarifying climate financing in order to deal with poverty and the "existential threat" of climate change.
