Zimbabwe: sanctions renewal, recourse to alternative lending

The U.S. government renewed Executive Order 13288 for another twelve-month period, maintaining travel and monetary sanctions on more than one hundred and forty officials of the Zimbabwean government, including President Emmerson Mnangagwa. The renewal of the U.S. executive order sanctions, which otherwise would have expired on March 6, was not a surprising development and informs the recourse the Zimbabwean government faces in acquiring foreign currency to finance crucial import supplies. Despite political pressure not only from the Zimbabwean government but from other African statesmen, including South Africa’s Cyril Ramaphosa and Kenya’s Uhuru Kenyatta, to lift international sanctions, the lack of …

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