Kenyan president, Biden appeal to global leaders to reduce huge debt on developing countries

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Kenya President William Ruto visited Washington as Biden tries to convince African nations the U.S. can be a better partner than China, which has gained influence on the continent.

President Joe Biden and Kenyan President William Ruto are using the first state visit to the United States by an African leader in more than 15 years to call on economies around the globe to take action to reduce the enormous debt burden crushing Kenya and other developing nations. The call to action, dubbed the Nairobi-Washington Vision, comes as Biden presses his appeal to African nations that the U.S. can be a better partner than economic rival China.

Biden gathered dozens of African leaders in Washington in December 2022 to make the case that the United States under his watch was 'all in' on Africa’s future. He laid out billions in promised government funding and private investment on the continent in health, infrastructure, business and technology. The Democrat also promised to visit sub-Saharan Africa in 2023.

Source: Loan Digest (loandigest.net)

 

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