How Ruto played China, US amid global response to Trump tariffs

President William Ruto lays a wreath at the Monument to the Peoples' Heroes at Tiananmen Square in honour of the martyrs of the struggle for the founding of the Peoples' Republic of China in 1949, on April 23, 2025. [PCS]

President William Ruto on Wednesday slammed the World Bank and the International Monetary Fund, terming them relics of an old world and unable to deal with many challenges facing the globe today.

The President, who spoke at a public lecture in China, said the two institutions are outdated and need radical reform to realign their focus to tackle today’s global challenges. Ruto has severally challenged the makeup of global financial institutions, noting their skewed approach when dealing with developing countries.