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Monday, 02 June 2014

EU to remove all sanctions on Zimbabwe this year

According to an EU official, the EU will remove its sanctions on Zimbabwe this year. EU delegation ambassador to Zimbabwe, Aldo Dell'Ariccia, said the "last step" in the normalization of relations between Zimbabwe and the EU will be complete this year.
"The European Council has unanimously decided that considering that there are no major disruptions to the democratic process in Zimbabwe, on the 1st of November 2014 the restrictive measures will be completely removed," he said.
EU's sanctions on Zimbabwe were decided in February 2002 after the country started a land reform programme which aimed to correct historical imbalances in the ownership of land. Because of the sanctions, Zimbabwe could not benefit from the EU's financing of budgetary support and support for projects, and was suspended from the 9th EDF National Indicative Programme. Zimbabwe was also suspended to the ACP-EU Partnership Agreement, concerning current payments and capital movements.
Zimbabwe has drafted a National Indicative Programme (NIP) in order to guide co-operation between the two parties, with the country set to access over €200 million under the EDF. Three key areas  have been targeted to receive funding under the EDF: health, agriculture-based economic development and governance & institution building. Minister of Finance Patrick Chinamasa said his ministry was already in the process of developing an “aid development architecture”.
"We in the Treasury have already started formulating an aid development architecture which we shall discuss with our counterparts in the EU. Zimbabwe stands to benefit €234 million under the auspices of the National Indicative Programme. The monies will be distributed as follows: €88 million euros towards health, €88 million euros towards agriculture-based economic development, €45 million for governance and institution building, €6 million for measures in favour of civil society, €3 million towards the office of the National Authorising Officer's Office and €4 million towards the Technical Co-operation Facility," he added.

Source: Bulawayo