EU commends Zimbabwe for efforts to stabilize economy

European Union
European Union

The European Union (EU) on Thursday commended Zimbabwe for the country’s efforts to stabilize the economy but stressed that economic reforms and the fight against corruption are vital to improving the socio-economic situation.

In a statement after the third European Union-Zimbabwe political dialogue meeting in Harare, the economic bloc reaffirmed its continued support to Zimbabwe.

“The European Union reaffirmed that it stands ready to continue to support the Zimbabwean people in the current challenges and that entering an economically, socially and environmentally sustainable growth path requires structural reforms by the government,” the EU said.

According to the statement, the two sides discussed issues of priority and common interest, which included human rights, democratization, rule of law and good governance; economic developments and reforms, the investment climate and implementation of the Economic Partnership Agreement.

Discussions also included exchanges on Zimbabwe’s COVID-19 response as well as the EU’s support and assistance.

The meeting was co-chaired by Zimbabwean Minister of Foreign Affairs and International Trade Frederick Shava and the EU Head of Delegation to Zimbabwe Timo Olkkonen.

The two sides held their second formal political dialogue meeting in 2019.

After first imposing sanctions on Zimbabwe in 2002 citing human rights abuses by Harare, the bloc has, however, removed most of the sanctions and now only maintains an arms embargo and targeted assets freeze against the Zimbabwe Defense Industries. Enditem

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