Luanda – President João Lourenço addressed this Monday the state of cooperation relations between Angola and the United States of America, in a telephone conversation with the US Secretary of State, Antony Blinken.
With the Head of North American diplomacy, President João Lourenço also assessed the security situation in the east of the Democratic Republic of Congo.
Angola and US relations
Angola and the United States of America established formal diplomatic relations in 1993.
The energy sector is at the center of economic ties between both countries.
The American EXIM Bank has a credit line to support US exports to Angola.
The United States-Angola Chamber of Commerce is dedicated to promoting trade and investment between the two countries.
Fight against corruption
The US supports Angola in the fight against corruption through several initiatives, including the Treasury department program, launched in March 2019, to improve the country's capacity to implement the plan to combat money laundering and financing of terrorism.
Economic cooperation
American companies have important investments in Angola, especially in the energy sector. ExxonMobil, Halliburton, Naker Hughes, Chevron, Cummins, TechnipFMC and Tidewater are all represented in the country.
In 2019, a consortium led by Chevron announced plans to invest more than US$2 billion in exploring new offshore natural gas fields and increasing production from existing fields.
EXIM Bank signed a memorandum of understanding with Angola, in April 2019, with the aim of exploring guarantees of up to US$4 billion in support of USA exports to the country.
Situation in DRC
Regarding the situation in the DRC, despite efforts, in recent weeks the M23's attacks on the DRC's armed forces have increased, having conquered several cities on the northern front and thereby multiplying the territory under its control.
This deterioration of the security situation is forcing the displacement of a large number of people, generating a huge humanitarian crisis.
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