Ruto’s criticism of IMF & World Bank has borne fruits, CS Mutua
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CS Mutua attributes the influx of foreign leaders in Kenya to Ruto's criticism of global financial institutions; IMF & World Bank
CS Mutua attributes the influx of foreign leaders in Kenya to Ruto’s criticism of global financial institutions; IMF & World Bank.
The influx of world leaders visiting Kenya has been attributed by Foreign Affairs Cabinet Secretary Alfred Mutua to President William Ruto’s outspoken criticism of foreign governments and international financial institutions.
In a statement dated Friday, July 28, Mutua claimed that after Ruto publicly criticized the United Nations, the International Monetary Fund (IMF), and the World Bank, the heads of state and diplomats became fond of him.
The fact that Ruto’s new foreign policy is reportedly bold, strong, and firm has led the world’s leaders to strive to establish more alliances with Kenya.
CS Mutua emphasized the significant reforms Ruto has supported, including reengineering the global financial system to address its alleged unfairness to the majority of developing nations.
In addition to the international visits by foreign leaders, the CS emphasized that added Ruto’s foreign trips by Ruto were a direct outcome of the impactful policies and initiatives he showcased at various global events.
“The President’s sentiments on these global and strategic matters continue reverberating with global leadership, financial experts, and economists.
“It is important to highlight that President remains the principal driver of Kenya’s foreign policy dispensation,” read the statement in part.
Mutua added that championing changes on the global stage was also in line with Ruto’s aspirations of the Bottom-Up economic model.
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“This is out of the President’s firm realization that there could never be sustainable development and peace without a whole-of-society approach to economic activities and advancement,” he added.
On the other hand, he revealed that the ministry aligned with the president’s strategy to secure Kenya Kwanza’s goals and legacy.
Ruto had asked the global lenders such as IMF & World Bank to ease their stronghold on Africa and allow the countries to have more say in policies affecting them. A robust system, he stated, would give Africans a voice on global matters.
In response, Julie Kozack, the Director of Strategic Communications at the International Monetary Fund (IMF), asked Ruto and other critics to consider the positive impact the organization has had on developing countries through its financial interventions.
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