President William Ruto on Wednesday slammed the World Bank and the International Monetary Fund, terming them relics of an old world and unable to deal with many challenges facing the globe today.
The President, who spoke at a public lecture in China, said the two institutions are outdated and need radical reform to realign their focus to tackle today’s global challenges. Ruto has severally challenged the makeup of global financial institutions, noting their skewed approach when dealing with developing countries.
But while he was throwing punches from Beijing, at the World Bank and IMF, his top officials from the National Treasury were attending the two institutions 2025 Spring Meetings between April 21 and 26 in Washington DC.
President William Ruto on Wednesday slammed the World Bank and the International Monetary Fund, terming them relics of an old world and unable to deal with many challenges facing the globe today.
By Macharia Kamau