May 24, 2024, 12:00 AM
May 23, 2024, 9:01 AM

Global Leaders Urged to Reduce Debt on Developing Nations: Biden Collaborates with Kenyan President

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Highlights
  • President Joe Biden and Kenyan leader William Ruto advocate for reducing debt in developing nations.
  • China's influence in Kenya prompts collaboration between the US and Kenya to address economic challenges.
  • Efforts are made to alleviate the heavy debt burden on struggling economies globally.
Story

President Joe Biden visited Kenya for three days in October to secure an additional $1 billion in loans from China for infrastructure projects. The visit aimed to strengthen the relationship between the two countries and counter China's growing influence in Africa. Biden praised Kenya's leadership in green industrialization during the visit. The United States wants to show that it can be a reliable partner to Kenya and other African nations. Biden highlighted the importance of democracies like Kenya delivering for their people. The visit also emphasized the changing perceptions of Africa and the potential for investment opportunities between Kenya and the U.S. During a press conference with Kenyan President William Ruto, Biden expressed gratitude for Kenya's decision to deploy police forces to help address gang violence in Haiti. This move reflects Kenya's belief in collective responsibility for peace and security worldwide. The U.S. is cautious about intervening in Haiti to avoid appearing as if it is imposing its will on other nations. Both leaders called for global action to reduce the debt burden on developing countries like Kenya. China's increasing investments in Africa through high-interest loans have raised concerns about debt sustainability. The U.S. is working with Congress to provide funding to Kenya for technological advancements through the CHIPS and Science Act. Overall, the visit aimed to strengthen ties between the U.S. and Kenya, address security challenges in Haiti, and promote economic cooperation between the two countries. Biden's visit underscored the importance of partnerships between democracies and the need for collective efforts to address global challenges.

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