Angola: President João Lourenço in Paris for Summit On African Economy

Paris — Angolan President João Lourenço is since Sunday evening in Paris, France, to attend the Summit on the African Economy.

The Head of State, accompanied by the First Lady, Ana Dias Lourenço, received welcome compliments on arrival at Charles de Gaulle Airport, from French Government officials and the ambassador to France, João Miranda.

This is the second time João Lourenço travels to France, since becoming the Angolan Head of State, in September 2017, with the first trip taking place in May 2018.

France is the first country in Europe João Lourenço visited since taking over as Head of the Angolan State.

Diplomatic relations between Angola and France date back to February 1976 and, in 1982, the two countries signed a General Cooperation Agreement.

Summit on Financing African Economies

The Summit on Financing African Economies on Tuesday at the initiative of the French Government aims to attract investment to the African public and private sectors, in order to cope with the rise in interest rates, as a result of Covid-19 in the world economic system.

According to observers, with this summit, the French authorities intend to mobilise substantial aid for Africa and lay the foundations for a new growth cycle.

The observers say that the financial means are aimed at relaunching the economies of African countries as, despite being the continent least affected by the pandemic, the forecast is for its Gross Domestic Product (GDP) to decline 2.1 percent this year.

About 15 African Heads of State and Governments are expected to attend the Paris Summit.

Italy and Spain are expected to attend, as well as Portugal that holds the rotating presidency of the Council of the European Union, including representatives of the European Union and the African Union.

The Head of State, accompanied by the First Lady, Ana Dias Lourenço, received welcome compliments on arrival at Charles de Gaulle Airport, from French Government officials and the ambassador to France, João Miranda.

This is the second time João Lourenço travels to France, since becoming the Angolan Head of State, in September 2017, with the first trip taking place in May 2018.

France is the first country in Europe João Lourenço visited since taking over as Head of the Angolan State.

Diplomatic relations between Angola and France date back to February 1976 and, in 1982, the two countries signed a General Cooperation Agreement.

Summit on Financing African Economies

The Summit on Financing African Economies on Tuesday at the initiative of the French Government aims to attract investment to the African public and private sectors, in order to cope with the rise in interest rates, as a result of Covid-19 in the world economic system.

According to observers, with this summit, the French authorities intend to mobilise substantial aid for Africa and lay the foundations for a new growth cycle.

The observers say that the financial means are aimed at relaunching the economies of African countries as, despite being the continent least affected by the pandemic, the forecast is for its Gross Domestic Product (GDP) to decline 2.1 percent this year.

About 15 African Heads of State and Governments are expected to attend the Paris Summit.

Italy and Spain are expected to attend, as well as Portugal that holds the rotating presidency of the Council of the European Union, including representatives of the European Union and the African Union.

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