4.6 • 3.5K Ratings
🗓️ 19 July 2019
⏱️ 9 minutes
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0:00.0 | Hello and welcome to more or less on the BBC World Service. |
0:08.0 | Now, lawyer Listener Marvin Muttingara, who comes from Zimbabwe, recently emailed us with this question. |
0:15.0 | Can sanctions on a few select individuals create an economic crisis for an entire nation? |
0:22.0 | The reason I asked this question is that I have heard from various members of our government in Zimbabwe |
0:28.0 | that if those sanctions on these few select individuals are dropped, that our economy will recover and not be as bad as it is now. |
0:39.0 | So we decided to look into this. Marvin seems correct that politicians are blaming things on sanctions. |
0:46.0 | Here's the country's president and leader of the ruling party Zanopief, Emerson Manangaguah. |
0:53.0 | Zimbabwe has these sanctions now for nearly two decades. |
0:58.0 | And as a result of those sanctions, our economy was collapsed. Our current collapsed. |
1:07.0 | First, let's try and understand what these sanctions are and what or who they affect. |
1:13.0 | And then we'll look at whether they're having an impact on the country's economy. |
1:18.0 | The sanctions Manangaguah was talking about were imposed on Zimbabwe by the United States and the European Union in 2001 and 2002. |
1:26.0 | Tony Hawkins is an economist and professor from the University of Zimbabwe in Harari. |
1:31.0 | The sanctions worked sanctions in the sense that you read about them now for Iran or something like that. |
1:38.0 | They weren't sanctions on exports. |
1:41.0 | In Zimbabwe's case, the sanctions are financial restrictions on individuals and government entities, |
1:47.0 | mainly made up of politicians, military officials and state-owned banks. |
1:52.0 | And these are mainly instigated by the US. |
1:56.0 | Shanghai and Yokeh is a journalist who's lived in Zimbabwe for most of her life. |
2:01.0 | She works for the BBC in Harari. |
2:03.0 | With the US sanctions, about 141 individuals and companies that government and some of these individuals are linked to are still affected. |
2:13.0 | So you have state-owned companies, for example, like AgriBank, which is one of the major banks which finances farmers here. |
... |
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