Good morning cdes 

By ZANU-PF INFORMATION DEPARTMENT 

DID YOU KNOW?

◾Sanctions have led to the drying up of traditional sources of external finance from the International Financial Institutions (IFIs), with the country receiving no support from the African Development Bank since 1998, the International Monetary Fund (IMF) since 1999 and the World Bank (above) since 2001.

◾Zimbabwe’s Land Reform Programme of 2000 led the United States of America (USA) to impose illegal and unjustified sanctions under the so-called Zimbabwe Democracy and Economic Recovery Act (ZIDERA) of 2001. Supplementing the US’ legislative sanctions of ZIDERA are Executive Sanctions (Executive Order 13288) of March 2003 renewable on a yearly basis. The European Union (EU) also introduced its own sanctions in February, 2002.

◾Far from the claim that sanctions are ring-fenced and targeted on a few individuals, the reality on the ground is that the tight grip of the declared and undeclared sanctions is being felt throughout the whole economy.

◾These punitive measures have effectively hampered the Government’s efforts to implement its development agenda.