Zimbabwe Welcomes Removal of Its Banks from U.S. Sanctions List

The U.S. has removed Agribank and the Infrastructure Development Bank of Zimbabwe from the sanctions list, a move that will allow them to do international business more easily and obtain lines of credit. In 2019, Zimbabwe, supported by several African countries and regional bodies, embarked on a campaign to have the U.S. sanctions removed, saying they were preventing the country's sustainable economic recovery. The Zimbabwean government says it was looking forward to furthering progress in terms of lifting sanctions on other entities a well.

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