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Africa

Secretary of Treasury Jacob J. Lew and EU International Cooperation and Development Commissioner Neven Mimica sign MOU to strengthen US-EU coordination

Addressing the critical need to finance infrastructure in Africa is a core theme at the United Nation’s Third International Conference on Financing for Development in Ethiopia.  To support these efforts to improve power generation and  access to electricity in sub-Saharan Africa, Secretary of Treasury Jacob J. Lew, and European Union (EU) Commissioner Neven Mimica today signed a Memorandum of Understanding (MOU) to enhance coordination between the EU and Power Africa that will deepen their ongoing long-term engagement with partner countries and the private sector to assist developing countries increase access to electricity for over 600 million people in sub-Saharan Africa.