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This memorandum of understanding that we’re about to sign signals the support by the U.S. Government for what is a very important project between these two countries.  Different government agencies, USAID, Commerce, the Trade and Development Agency, are exploring technical assistance for the EV supply chain.  Our EXIM Bank, the Development Finance Corporation, will be exploring financing and support mechanisms for investment in African electric vehicle value chains.

So this is I think an important moment to take note of a truly important initiative for the future not only of the DRC and Zambia, not only for Africa, but potentially for the world, as more than anything we’re together in combating the climate crisis, together in developing new renewable sources of energy, together also in building out economies for the future.  This is a part of it.

Read more at: https://www.state.gov/secretary-blinken-at-an-mou-signing-with-democratic-republic-of-the-congo-vice-prime-minister-and-foreign-minister-christophe-lutundula-and-zambian-foreign-minister-stanley-kakubo/