President William Ruto of Kenya says the re-engineering of the international financial architecture will help tackle poverty and reduce inequality in the world.
President William Ruto has said the current development financing is deficient and dotted with discrimination.
He noted that the prevalent unfairness has exacerbated the vulnerability of the majority of humanity.
The Head of State for the East African Nation called for the correction of “this systemic injustice” for the effective achievement of Sustainable Development Goals.
“The change will also effectively mobilise multilateralism to achieve global net-zero emissions and avert a climate catastrophe.”
He was speaking on Monday at the UN Complex in Nairobi during the opening of the Second Session of the United Nations Habitat Assembly.
He told the Assembly that sufficient and affordable financing will enable countries to promote economic transformation, climate action and sustainable development.
The Head of State said Kenya was committed to offering decent housing to its citizens as the move is critical to the achievement of sustainable urbanisation.
“We have integrated Universal Housing as a critical pillar of the Bottom-Up Economic Transformation agenda,” he explained.
He said it was urgent to strengthen the UN-Habitat to support Member States in advancing sustainable urbanisation and human settlement.
