President William Ruto has acknowledged that debt crisis among African countries are the greatest obstacle in their efforts to combat climate change.
Speaking during the International Development Assistance 21 (IDA-21) summit in Nairobi, president Ruto said that the financial strains experienced by African and other developing nations make it hard to transition to low carbon-economy’s and instead prioritize essential needs like education and health.
“As many African and other developing nations face severe debt crisis, this financial strain hampers out efforts to combat climate change, transition to a low carbon economy and adequately fund essential sectors like education, health and social protection,” president Ruto said
President Ruto further pointed out the current regions in Africa that already disaster prone as result of immense weather changers.
“Today, as we gather here and the broader East Africa region face severe flooding. Concurrently, South Africa confronts intensifying droughts affecting nations like Malawi, Zambia and Zimbabwe. This new normal demands our immediate and united actions to safeguard our future.
This comes amid devastating floods situation in the country whereby lives have been lost and many Kenyans displaced from their homes.
The World Bank president, Ajang Banga, assured World Banks support throughout the disastrous period caused by the heavy rains being experienced in the country.
“Right now Kenya is suffering from devastating floods and I extend my deepest condolences to all those affected, the World Bank will be there with you throughout this period,” Ajay Banga said
Kenya is hosting more than 20 heads of state for the IDA-21 summit. The summit is set launch a coalition uniting civil society, foundations, the private sector, and young people, to champion a robust replenishment of IDA's resources.
President Ruto Addresses IDA 21 Summit: Debt Crisis Hinders African Climate Action