Zimbabwe Issues Dollar Bonds to Pay Ex-Farmers for Land Grabs
Zimbabwe issued treasury bonds worth $308 million and made small cash payments to White farmers who were dispossessed of their property 25 years ago under a state-backed land reform program.
The payments are the first under a so-called 'Global Compensation Deed' signed in 2020 between the state and the former farm owners in which Zimbabwe committed to paying $3.5 billion for improvements done on the farmland.
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