Zimbabwe Unable to Pay Billions to Former White Commercial Farmers - Offers Land Instead

analysis

Hardly a month after pledging to pay former white commercial farmers US$3.5-billion compensation for land improvements done before farm seizures in the 2000s under the late President Robert Mugabe, authorities in the troubled southern African state are now offering land in lieu of the reparations.

The Zimbabwe government has offered long-term bonds to help raise the money and also "anticipate donor funding" to fulfil this mammoth sovereign debt amid a crippling economic crisis, alleged human rights abuses and a highly polarised political space.

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