Biden and Ruto Urge Debt Relief for Developing Nations

U.S. President Joe Biden and Kenyan President William Ruto have called for increased support, including debt relief from major bilateral creditors like China, for developing countries like Kenya. During a state visit, they issued the 'Nairobi-Washington Vision' to address the debt burden of low-income nations.


Reuters | Washington DC | Updated: 23-05-2024 22:44 IST | Created: 23-05-2024 22:44 IST
Biden and Ruto Urge Debt Relief for Developing Nations
  • Country:
  • United States

U.S. President Joe Biden and Kenyan President William Ruto on Thursday called for increased support for developing countries like Kenya, including through debt relief by major bilateral creditors like China.

Biden and Ruto, on a three-day state visit to the United States, issued a "Nairobi-Washington Vision" that includes detailed steps for addressing the staggering debt burden faced by many low-income countries, about half of whom are in or close to debt distress.

(This story has not been edited by Devdiscourse staff and is auto-generated from a syndicated feed.)

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