Biden, Kenyan leader urging global leaders to help lessen crushing debt on developing nations

Published May 23, 2024 3:04 AM

By AAMER MADHANI
Associated Press

WASHINGTON (AP) — President Joe Biden and Kenya’s William Ruto want economies around the globe to take action to reduce the enormous debt burden crushing many developing nations. Their call to action comes as Biden presses his argument to African nations that the U.S. can be a better partner than China, which has been deepening its presence on the continent. Biden and Ruto are calling on creditor nations to reduce financing barriers for the developing nations that have been constrained by high debt burdens. Biden and Ruto will hold formal talks and a joint news conference on Thursday before a state dinner.

Article Topic Follows: AP National

Jump to comments ↓

Associated Press

BE PART OF THE CONVERSATION

KIFI Local News 8 is committed to providing a forum for civil and constructive conversation.

Please keep your comments respectful and relevant. You can review our Community Guidelines by clicking here

If you would like to share a story idea, please submit it here.