Kenyan President William Ruto called for urgent reforms to the global financial system, saying the current international financial architecture remains structurally unequal and continues to place disproportionate constraints on African countries seeking access to concessional financing or developing infrastructure.

At the opening of the Africa Forward Summit, Ruto said existing global financial systems discourage investment in key sectors needed for Africa’s growth and sustainable development, stressing the need for a more inclusive and sustainable financial framework that responds to the realities facing developing economies.

The Kenyan President further emphasised the importance of mutually beneficial partnerships, noting that Africa is not only a participant in global development but also a solution to many of the world’s challenges. 

He also pointed out the continent’s vast natural resources, critical minerals, and renewable energy potential as key assets positioning Africa for future economic transformation.