European Development Fund has so far donated 480 million euros to Angola

11 March 2011

Luanda, Angola, 11 March – The European Development Fund, since it started operating in the country, in 1986, has provided Angola with donations totalling 480 million euros, the business attaché of the European Union Delegation in Angola said Thursday in Luanda.

Robert Alder, who was speaking at a round-table meeting on the Cotonou Agreement and the Africa, Caribbean and Pacific – European Union Joint Parliamentary Assembly (ACP-UE), organised by the Angolan parliament, said that the agreement was the basis for cooperation between Africa, the Caribbean and the Pacific countries with the European Union which, in his understanding, is the main source of funding for development not only worldwide, but also specifically for Angola.

According to Angolan news agency Angop, the round-table meeting gave the members a better understanding of the content of the Cotonou Agreement, as well as how the ACP-UE Joint Parliamentary Assembly operates.

The Cotonou Agreement was signed 11 years ago, with a lifetime of 20 years, and represents a new phase in cooperation between ACP countries and the European Union, launched in 1964 with the signing of the Yaoundé Convention and followed by the four Lomé Conventions. (macauhub)