Zimbabwe - Selling to the GovernmentZimbabwe - Selling to the Government
Many governments finance public works projects through borrowing from the Multilateral Development Banks. Due to Zimbabwe’s arrears to international financial institutions, Zimbabwe cannot borrow from those institutions. There are, however, opportunities for U.S. firms to sell equipment to the government or to state-owned enterprises (SOEs) such as the National Railways of Zimbabwe and the Zimbabwe Electricity Supply Authority. Some SOEs, such as the Zimbabwe Iron and Steel Company (and its successor companies), and the Zimbabwe Mining Development Corporation, are subject to targeted sanctions administered by the U.S. Treasury Department's Office of Foreign Assets Control (OFAC). U.S. nationals may not do business with these or other entities designated by OFAC. For details on targeted sanctions, see OFAC website: http://www.treasury.gov/resource-center/sanctions/Programs/Pages/zimb.aspx