New York, Kenyan President William Ruto has called for radical reforms in global governance and financial systems to avert a looming sustainable development crisis.

In his address Sunday at the Summit of the Future’s Interactive Dialogue at the United Nations General Assembly in New York, Ruto called for urgent need to realign global development financing structures to meet the 2030 Agenda for Sustainable Development.

“The global economy is facing multiple shocks that threaten to undo the progress made towards the Sustainable Development Goals (SDGs),” Ruto said. He emphasized that while no country is immune to these shocks, many, particularly those where the majority of the world’s population lives, are more vulnerable. Ruto referenced the 2024 Inter-Agency Task Force on Financing for Development report, which has raised alarms about the increasing challenges to sustainable development due to financing shortfalls.