Zimbabwe protest: Are US and EU sanctions stifling the economy? | DW News
Thousands of people marched across Zimbabwe against US and EU sanctions on the country. Those taking part in the Zanu PF government-backed demonstration say sanctions have crippled the economy. The IMF reported inflation in August reached 300% and it’s predicted Zimbabwe’s economy will shrink by 3% this year. But both the EU and the US say the sanctions do not target the economy and aren’t responsible for the country’s problems. The US sanctions target 85 individuals who are mostly government officials. It also bans US companies from dealing with 56 Zimbabwean companies, including banks and farms. And there is a ban on military exports to the country. The EU only has sanctions on Former President Robert Mugabe and his wife Grace. So are sanctions responsible or Zimbabwe’s problems homemade? DW spoke with MDC Alliance Spokesman Dr. Nkululeko Sibanda.
For more news go to: http://www.dw.com/en/
Follow DW on social media:
Für Videos in deutscher Sprache besuchen Sie: https://www.youtube.com/channel/deutschewelle
#zimbabwe #zimbabweinflation #zimbabwenews