The UN Security Council lifted the embargo on Ivory Coast's diamond trade.
| Economy |
Updated By: History Editorial Network (HEN)
Published:
3 min read
The United Nations Security Council has officially lifted the embargo on Ivory Coast's diamond trade, marking a significant turning point in the West African nation's journey towards economic recovery and stability. This decision comes after years of sanctions imposed due to concerns over the use of diamond revenues to fund civil conflict during the country's political crisis. The lifting of the embargo is not only a recognition of Ivory Coast's progress in achieving peace and stability but also a crucial step towards revitalizing its diamond industry, which has the potential to significantly boost the country's economy.
For Ivory Coast, the resumption of the diamond trade offers new opportunities to improve livelihoods, attract foreign investment, and rebuild trust in its natural resource management. The decision also signals the international community's confidence in the Ivorian government's efforts to manage its resources transparently and responsibly. As Ivory Coast re-enters the global diamond market, it stands poised to harness its natural wealth for sustainable development and long-term prosperity.
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Primary Reference: UN lifts ban on Ivory Coast diamonds | News | Al Jazeera

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