President William Ruto called for global debt reforms at the Fourth Financing for Development (FfD4) Summit in Seville, Spain on June 30, advocating for public debt to be viewed as a development tool for developing nations.

• Ksh16.484 billion ($126.8 million) loan secured from IFAD for Kenya’s environmental program.
• President Ruto emphasized the need for fair and responsible lending practices for African economies.
• He proposed the establishment of an African Credit Rating Agency to ensure accurate credit assessments and lower borrowing costs.