The global agreement on efforts to make the world prosperous and save the plant from the effects of climate change is not a contest between the developed and developing nations, President William Ruto has said.
Instead, Ruto explained, the Pact for Prosperity, People and Planet, commonly known as the 4P, is meant to address unfairness of the international financial system.
He said the deal seeks to find financing solutions for developing countries whose progress has been hindered by the current global financial system.
Ruto expressed satisfaction that there is now common ground between the Global North and the Global South on the need for the reform of multilateral financial institutions.
โWe have 73 countries that have joined us. We are not discussing narratives, and we are not pointing fingers.
This is not about South vs North; this is about solutions that work for all countries,โ he said.
He made the remarks on Monday during the Pact for Prosperity, People and Planet high-level meeting he co-chaired with French resident Emmanuel Macron at the Fourth International Conference on Financing for Development.
Ruto commended the pact for advancing reforms that integrate development and climate action into a unified and coherent agenda.
He said the initiative is living up to its objective that no country should make the difficult decision of choosing between fighting poverty and tackling the impact of climate change.
