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EU and Angola sign 90 million euro financing agreement

     Politics              
  • Luanda • Monday, 19 February de 2024 | 16h58
Presidente da AN, Carolina Cerqueira (à dir.), recebe embaixadora da UE em Angola
Presidente da AN, Carolina Cerqueira (à dir.), recebe embaixadora da UE em Angola
Pedro Parente-ANGOP

Luanda - The European Union (EU) and the Angolan Government on Wednesday in Luanda will sign four financing agreements in the areas of the blue and circular economy, justice and good governance worth 90 million euros.

The information was announced on Monday by the European Union ambassador to Angola, Ms. Rosário Bento Pais, at the end of a meeting with the Speaker of the National Assembly, Carolina Cerqueira.

The diplomat said that the four financing agreements would be initialled by the European Union Commissioner for International Partnerships, Jutta Urpilainen, and the Minister of Economy and Planning, Victor Hugo Guilherme.

The European Union (EU) Commissioner for International Partnerships is expected to arrive in Luanda on Wednesday.

Speaking to the press, Rosário Bento Pais recalled that Angola is benefiting from support of around 275 million euros (corresponding to 121 billion kwanzas) from the European Union until 2024 and from then until 2027, a second package will be negotiated by the partners.

The four-year 275 million euro cooperation programme covers areas such as economic diversification, governance and human development.

The diplomat considered the cooperation framework between the European Union and Angola to be positive.

Rosário Pais also said that she had discussed with the leader of the Angolan parliament issues relating to the Joint Assembly between the EU and the Organisation of African, Caribbean and Pacific States (OACPS), after the signing of the Samoa agreement.

The Samoa Agreement is a new general framework for relations between the EU and the countries of Africa, the Caribbean and the Pacific, covering six priority areas, namely democracy and human rights, sustainable economic development and growth, climate change, human and social development, peace, security and migration and mobility.

Officially signed on 15 November 2023 in Apia, Samoa, this agreement replaces the Cotonou Agreement, which was in force between the EU and the African, Caribbean and Pacific countries.

The agreement, which has been in force provisionally since January of this year, includes a common basis at the level of the OACPS states, together with three regional protocols for Africa, the Caribbean and the Pacific, centred on the specific needs of these regions.

DC/VIC/MRA/jmc





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