A U.S. bill, H.R. 5300, seeks to repeal the Zimbabwe Democracy and Economic Recovery Act of 2001, which has restricted U.S. support for Zimbabwe’s access to international financial institutions.
The bill specifically states: “SEC. 303. REPEALING THE ZIMBABWE DEMOCRACY AND ECONOMIC RECOVERY ACT OF 2001,” highlighting the proposed repeal of the legislation.
However, the proposed law attaches strict conditions.
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The U.S. will not support new or expanded funding for Zimbabwe unless the government commits to settling outstanding arrears under the Global Compensation Deed—adjusted for inflation—and ensures payments are not made using Zimbabwe-issued securities.
“The United States will not support any new or expanded funding… unless the Government of Zimbabwe commits… to remit all outstanding arrears,” the bill reads.
The legislation also places Zimbabwe within a broader U.S. Africa policy framework, stating: “It is the policy of the United States to promote, facilitate, and increase two-way trade and investment between the United States and African countries.”
The bill reflects a cautious recalibration of U.S.-Zimbabwe relations, combining the potential for renewed engagement with firm conditions on debt repayment, while underscoring America’s broader interests in strengthening trade and investment across Africa.
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