Bank correspondence between Angola and US to be analysed in Luanda

19 March 2019

The reestablishment of bank correspondence between Angola and the United States will be analysed with the Treasury Department, the US deputy secretary of state announced on Monday.

John Sullivan, at the end of an audience granted by Angolan President João Lourenço, said that the US Treasury Department will send a representative to work with officials of the Angolan government on issues related to corruption, money laundering and combating the financing of terrorism.

The deputy secretary of state said that the United States is available to help Angola repatriate national capital that is abroad illegally.

Sullivan, quoted by Angolan news agency Angop, said that this intention depends only on the signing of an agreement in the area of justice.

In Angola since Saturday, the US diplomat stressed that the agreement will be aligned with the anti-corruption strategy, one of the main priorities of the mandate of President João Lourenço.

Trade between the two countries stood at US$3.4 billion in 2017, and Angola exported goods worth US$2.6 billion and imported goods from the US in the value of US$800 million. (Macauhub)