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Ruto calls for overhaul of global financial system over debt crisis

President William Ruto has called for reforms to the global financial system, saying high borrowing costs and growing debt burdens are limiting developing countries’ ability to invest in health, education and economic growth.

  • President Ruto calls for global financial system overhaul to address debt crisis.
  • Developing nations pay $1 trillion in interest annually on $102 trillion global debt.
  • Africa lacks permanent UN Security Council seat; demands equitable representation.

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